Available for resale shared ownership, a two-bedroom, ground floor apartment situated in a popular sought-after area of New Cross, London.

  

Property description:

The apartment comprises a secure private entrance, open plan kitchen/reception, fitted kitchen with inbuilt oven and hob, two bedrooms, master bedroom with un-suite, family bathroom with shower over bath and large built in storage cupboard

The property also benefits from access to a private rear patio and first come, first serve parking (permit required).

Length of Lease: Commenced 2017 with 125-year term

Council Tax Band: Lewisham Council – C

Gross Internal Area: 688m2

LOCAL AREA INFORMATION

  • Plenty of music pubs in the area, Deptford market a short bus ride away.
  • Very close to local amenities, with a couple of big supermarkets just around the corner.
  • Within proximity to local schools including, Haberdashers and St James Hatcham with Goldsmiths College just up the road.
  • Good commuting, bus routes around the corner include the 21, 53, 136, 171, 177, 343, 346 and night busses
  • The East London Line at New Cross Gate and New Cross is a five-minute walk away.

FINANCIAL INFORMATION

Property Value = £375,000 

Percentage Share = 40%

Share Price = £150,000

*Monthly Rent = £614.44 (£672.20 from 1st April 2024)

*Monthly Service Charge = £81.63 (£67.05 from 1st April 2024)

**Monthly Mortgage Payment = £870

***Annual Household Income = £60,000

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 6%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced. 

Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.

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