Available through our resale shared ownership scheme, a 2nd floor, one-bedroom apartment in London.
Property description:
The property comprises a wheelchair accessible and communal entrance, lift access, entry system,
open plan kitchen, kitchen with integrated appliances, living/dining area, one double-bedroom with built in wardrobe, family bathroom with shower over bath, storage cupboard in hallway and living area and a private balcony.
The property also benefits from access to a courtyard.
Lease: Commenced 2009 with 125-year term
Council Tax Band: Southwark Council – D
Approx. Gross Internal Area: 495.14sq.ft.
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 = £420,000
Percentage Share = 70%
Share Price = £294,000
*Monthly Rent = £239.28
*Monthly Service Charge = £174.99
**Monthly Mortgage Payment = £1,502.00
***Annual Household Income = £74,000
*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.
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.
