- 1 Bedroom
- 55% share available
- 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 sq. m
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 05/11/2018
|Number of Beds||1|
|Full market price||£400,000|
|Ownership||55% share available|
|Guidance household income||£54,905|
Location and local area
Elephant and Castle (0.4 km)
Elephant and Castle (0.35 km)