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Metro Central Heights, 119 Newington Causeway, SE1 6DT

  • 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 Fees
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)

Key Features

First floor
Entrance hall, one bedroom, combined kitchen and living room, bathroom with WC

External
Communal roof terrace

GIA
46 sq. m

Accessibility rating
F – General Access

EPC rating
C

Length of lease
115 years

Borough
Southwark

Download floorplan

Eligibility 

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

Southwark
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

Prices

Number of Beds 1
Full market price £400,000
Ownership 55% share available
Rent £261.54 pcm
Guidance household income £54,905
Status Available Now
Service charge £190

Location and local area

Local Transport

London Underground
Elephant and Castle (0.4 km)

London Overground
Elephant and Castle (0.35 km)