Available through our resale shared ownership scheme, a 1st floor, two-bedroom apartment in London.
Property description:
The property comprises a communal and wheelchair accessible entrance, entry system, lift access,
open plan kitchen and living area which includes floor to ceiling windows leading out to the southeast facing balcony, kitchen which has integrated appliances and ample inbuilt storage cupboards, two spacious double bedrooms, family bathroom with shower over bath and three large floor to ceiling storage cupboards in hallway.
The property also benefits from a shared garden/courtyard.
Lease: Commenced 2015 with 125-year term
Council Tax Band: Lewisham Council – C
Approx. Gross Internal Area: 819sq.ft.
Prior to viewing: All applicants must be registered and approved by Hyde New Homes and may be required to carry out a shared ownership affordability assessment.
LOCAL AREA INFORMATION
· Good transport links from New Cross Gate and Queens Road Peckham, each are a 13-minute walk away. Trains to London Bridge, Shoreditch, Clapham Junction and Crystal Palace. The flat is located within New Cross Road/Old Kent Road with great bus connections into Central London.
· The flat is on the doorstep of great areas, Nunhead, Deptford and Peckham, all including lots of restaurants, parks and other amenities.
· Reaston Street is a quiet residential street next to Eckington Gardens, a small friendly park. It’s also a stones throw from Bridgehouse Meadows and Telegraph Hill Park.
· Nearby lots of pubs, restaurants and cafes, including, Blackbird Bakery, Corner, Peckham Cellars, the Earl of Derby, Beer Rebellion and Little Kudu.
· A short walk to New Cross Road which offers a variety of shops, restaurants and other amenities. A Large Sainbury’s is a 10 minute walk away.
· Numerous schools close by.
FINANCIAL INFORMATION
Property Value = £425,000
Percentage Share = 40%
Share Price = £170,000
*Monthly Rent = £670.87
*Monthly Service Charge = £177.42
*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.
