1 bedroom apartment for sale
Nara Building, Conington Road, London, SE13 7FH
Share percentage 40%, full price £280,000, £11,200 Min Deposit.
Share percentage 40%, full price £280,000
Monthly Cost: £1,022
Rent £267, Service charge £199, Mortgage £556*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This smartly-presented, south-west-facing apartment features a twenty-two-foot reception room with attractive, open-plan kitchen area. The property has a good-sized bedroom, a simple, white-tiled bathroom and a pair of storage/utility cupboards in the entrance hallway. Well insulated walls, modern double glazing and a communal heating/hot water system make for a good energy-efficiency rating. Nara Building is part of the Silkworks development which has an attractive communal courtyard/garden. 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 40% share. Full market value £280,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/mr2bkk42]
(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 1st of January 2009).
Minimum Share: 40% (£112,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £266.67 per month (subject to annual review).
Service Charge: £198.82 per month (subject to annual review).
Guideline Minimum Income: Dual - £31,700 | Single - £38,000 (based on minimum share and 10% deposit).
Council Tax: Band B, 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 £11,200
- Guide Min Income Dual £31.7k | Single £38k
- Fourth Floor (building has a lift)
- Approx. 455 Sqft Gross Internal Area
- Open-Plan Reception/Kitchen
- Communal Heating and Hot Water
- Minutes from Elverson Road DLR
- Short Walk from Lewisham Station
Particulars
Tenure: Leasehold
Council Tax Band: B
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 40%, full price £280,000, £11,200 Min Deposit. Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
