2 bedroom apartment for sale
315 Nara Building, Conington Road, SE13 7FH
Share percentage 25%, full price £375,000, £9,375 Min Deposit.
Share percentage 25%, full price £375,000
Monthly Cost: £1,395
Rent £660, Service charge £270, Mortgage £465*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A well-proportioned and well-presented apartment on the third floor of this modern development. The property has an almost twenty-three-foot reception room with a large window at one end and an open-plan kitchen at the other. There is a large main bedroom plus a second, comfortable, double bedroom and a simple, white-tiled bathroom. A pair of fitted storage/utility cupboard have been provided in the entrance hall and well insulated walls, modern double glazing and a communal heating/hot water system make for a very good energy-efficiency rating. Nara Building is part of the Silkworks development which has a pleasant communal courtyard. Elverson Road DLR is the nearest station with Lewisham, for services into London Bridge/Waterloo East/Charing Cross/Cannon Street/Victoria, also just a short walk away.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £375,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/5a3k55yn]
(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 less 3 days from 01/01/2009).
Minimum Share: 25% (£93,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £660.47 per month (subject to annual review).
Service Charge: £269.65 per month (subject to annual review).
Guideline Minimum Income: Dual - £46,300 | Single - £52,900 (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. Pets not permitted (except assistance animals). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £9,375
- Guide Min Income Dual £46.3k | Single £52.9k
- Third Floor (building has a lift)
- Approx. 667 Sqft Gross Internal Area
- Very Good Energy Efficiency Rating
- Communal Courtyard
- Minutes from Elverson Road DLR
- Short Walk to Lewisham Station
Particulars
Tenure: Leasehold
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan BrochureThe ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- 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.
Share percentage 25%, full price £375,000, £9,375 Min Deposit. Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
