- 1 Bedroom
- 55% share available
- Viewing Saturday 1 September. Call 0203 815 2222 to book a viewing.
One bedroom first floor flat in the London Borough of Southwark, available to buy through Shared Ownership. Full market value £400,000 55% share available, share price £220,000
Monthly Mortgage: £1,055
Monthly Rent: £261.54
Ground Rent: £16.67 (£200 per annum)
Service Charge*: £190
Council Tax: £110.83
Estimated Total (per month): £1,523.21 excluding council tax
*Service Charge collected by Notting Hill on behalf of Management Company
**Estimate: The monthly mortgage is based on an interest rate 3.99 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage The rent may increase each year, the increase calculation will be specified in the lease.
£220,000 (55% share price of £400,000)
Entrance hall, one bedroom, combined kitchen and living room, bathroom with WC.
Communal roof terrace .
46 sqm/ 494 Sqft
F – General Access
Length of lease
You will need to be earning a guidance income of £54,905. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £22,000. Total approximate savings required £26,000.
Important borough specific eligibility criteria
This property will be offered to applicants from PAN London with priority to applicants with a connection to Southwark borough.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Details correct as at 13/08/2018
|Number of Beds||1|
|Full market price||£400,000|
|Ownership||55% share available|
|Guidance household income||£54,905|
this development is provided by Notting Hill Sales
Notting Hill Sales is the trading name of Notting Hill Home Ownership and related companies.
Location and local area
Elephant and Castle (0.4km)
Elephant and Castle (0.35km)