Available through our resale shared ownership scheme, a ground floor, one-bedroom apartment in London.

Property description:

The property comprises a communal and wheelchair accessible entrance, entry system, open plan kitchen and living area, kitchen with standalone appliances, one bedroom, family bathroom with shower over bath and loft space and internal storage cupboards. 

The property also benefits from allocated parking.

Lease: Commenced 2003 with 125-year term

Council Tax Band: Lewisham Council – B

Gross Internal Area: 495.1sq.ft.

LOCAL AREA INFORMATION

·  Walking distance to Sydenham station, direct services to London. 

·  Close to primary and secondary schools. 

·  Nearby Crystal Palace Park and Mayow park. 

·  Close by restaurants, bars and local amenities. 

FINANCIAL INFORMATION

Property Value = £300,000

Percentage Share = 40%

Share Price = £120,000

*Monthly Rent = £411.92 (From April 01 £437.87)

*Monthly Service Charge = £117.89 (From April 01 £186.92)

**Monthly Mortgage Payment = £613.00

***Annual Household Income = £44,000

*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 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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