2 bedroom apartment for sale
Buckstone Apartments, 140 Blackfriars Road, London, SE1 8BW
Share percentage 35%, full price £780,000, £27,300 Min Deposit.
Share percentage 35%, full price £780,000
Monthly Cost: £2,568
Rent £687, Service charge £426, Mortgage £1,455*
Calculated using a representative rate of 5.13%
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 great chance to buy a shared-ownership apartment in such a central and desirable location. The smartly-presented, two-bedroom property is on the third floor and has a reception room with sleek, open-plan kitchen area and a sliding door leading out onto an east (rear) facing balcony. There is a generously-sized main bedroom, with fitted, mirror-fronted wardrobe, plus a second bedroom which includes a large, built-in storage cupboard. The bathroom is spacious and stylish. Well insulated walls, high performance glazing and a communal heating/hot water system all contribute towards a very good energy-efficiency rating. Buckstone Apartments is an impressive, modern development with an attractive entrance and communal areas. Waterloo Station and Southwark Station are close by and the curve of the Thames means that a considerable stretch of both the south and north banks of the river are within comfortable walking distance. Residents can make use of a 24-hour concierge service, secure basement cycle storage and a terrace at second floor level.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £780,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/dx2emv92]
(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 01/03/2018).
Minimum Share: 35% (£273,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £687.27 per month (subject to annual review).
Service Charge: £425.71 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £85,400 (minimum share, 20% deposit) | Single - £87,100 (minimum share, 35% deposit).
Council Tax: Band E, London Borough of Southwark. 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 may be permitted but only with prior consent from Clarion (which, unfortunately, can only be obtained once you are the property owner). There is no parking space offered with this property.
Key Features
- Guide Dual Income £85.4k 20% deposit £54.6k
- Guide Single Income £87.1k 35% deposit £95.6k
- Third Floor (building has a lift)
- Approx. 893 Sqft Gross Internal Area
- Spacious and Stylish Bathroom
- Rear Facing Balcony
- Very Good Energy Efficiency Rating
- Concierge and Communal Terrace
- Short Walk to Waterloo/Southwark
- Easy Access to Many Central Locations
Particulars
Tenure: Leasehold
Council Tax Band: E
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 35%, full price £780,000, £27,300 Min Deposit. Calculated using a representative rate of 5.13%
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