3 bedroom house for sale

Available

Columbine Way, Lewisham Road, London, SE13 7LQ

£232,000 Shared Ownership Resale

Share percentage 40%, full price £580,000, £23,200 Min Deposit.

Available
3 bedrooms
2 Bathrooms
Private Garden
Pets allowed
Floor plan
floor-plan
Floor plan
floor-plan
£232,000 Shared Ownership Resale

Share percentage 40%, full price £580,000

Monthly Cost: £1,592

Rent £396, Service charge £25, Mortgage £1,171*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a Three Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A rare chance to buy a shared-ownership house in London. This smartly-presented, three-bedroom property is part of a modern terrace and has a sleek kitchen with handle-less units and integrated appliances. The full-width reception/dining room can be accessed either from the hallway or directly from the kitchen via double doors. On the first floor are two, generously-sized, bedrooms with fitted wardrobes plus a smaller third bedroom with bay window. There is simple yet stylish bathroom plus a ground-floor shower room. Demanding insulation standards, high performance glazing, gas central heating and roof-mounted solar panels all contribute towards an excellent energy-efficiency rating. The house has a small front garden and a split-level, south-west-facing rear garden. There is a large supermarket close by and Lewisham Station, for Southeastern trains in to London Bridge/Waterloo East/Charing Cross/Cannon Street plus DLR services, is also just a short walk away.

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £580,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/24pntc5v]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/06/2016, freehold transferable once 100% owned).
Minimum Share: 40% (£232,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £395.52 per month (subject to annual review).
Service Charge: £25.20 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £57,900 | Single - £66,600 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Lewisham. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. There is no parking space offered with this property. On-street residents' permit parking may be available.

Key Features
  • Guideline Minimum Deposit £23,200
  • Guide Min Income Dual £57.9k | Single £66.6k
  • Two Storey, Three Bedroom, Mid Terrace House
  • Approx. 1117 Sqft Gross Internal Area
  • Bathroom plus Downstairs Shower Room
  • Very Good Energy Efficiency Rating
  • South West Facing Rear Garden
  • Short Walk from Lewisham Station
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Elverson Road (0.16 miles) Lewisham (0.20 miles) St Johns (0.44 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£232,000
Shared Ownership Resale
Estimated Monthly Cost:£1,592
Rent £396
Service £25
Mortgage £1,171

Share percentage 40%, full price £580,000, £23,200 Min Deposit. Calculated using a representative rate of 4.59%

Disclaimer
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone.