Available through our resale shared ownership scheme, a first floor, two-bedroom apartment in the vibrant and convenient area of Bermondsey, London.

  

Property description:

This modern two bed property compromises a communal entrance with video entry system, lift access, entrance hall with storage cupboard, kitchen with integrated appliances, open-plan kitchen and reception, private balcony, master bedroom with built-in wardrobe, and bathroom with shower over bath.

The property also benefits from access to a well-maintained communal courtyard. 

EWS1 available for lending 

Length of Lease: 125 years – commenced 2009

Council Tax Band: Southwark Council – E

Gross Internal Area: 62m2

LOCAL AREA INFORMATION

• Situated on the popular Bermondsey Spa development. A five-minute walk to Bermondsey Underground Station with direct services to Canary Wharf, Stratford and West London. Convenient bus services to many areas of London.

• Within walking distance of the bustling Bermondsey Street, Maltby Street Market, Shad Thames, Brewery Wharf, Southwark Park. Easy access to a variety of shops, restaurants, bars and other amenities.

• Within the catchment area for several outstanding schools.

FINANCIAL INFORMATION

Property Value = £550,000

Percentage Share = 35%

Share Price = £192,500

*Monthly Rent = £599.60 from £655.96 from 1st April 

*Monthly Service Charge = £244.55 – £213.30 from 1st april

**Monthly Mortgage Payment = £984

***Annual Household Income = £72,000

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

** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200). 

Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give a fair 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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