2 bedroom apartment for sale
Lambourne House, Apple Yard, London, SE20 8FX
Share percentage 30%, full price £465,000, £13,950 Min Deposit.
Share percentage 30%, full price £465,000
Monthly Cost: £1,936
Rent £970, Service charge £223, Mortgage £743*
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
This generously-sized and smartly-presented apartment is on the ground floor and accessed via a private entrance. The property has a twenty-one-foot reception with open-plan kitchen area featuring sleek, handle-less units and integrated appliances. A glazed door leads from the living area out to a patio/balcony on the south-west side of the building. There is a large main bedroom plus a good-sized second double bedroom and a spacious and stylish bathroom. Lambourne House is part of a recently-constructed development built around an attractive communal garden (plus small public park to the south). Demanding insulation standards, high performance glazing and a communal heating/hot water system have resulted in a very good energy-efficiency rating. The apartment comes with an allocated, on-street parking space plus use of the communal cycle store. Anerley Station, for London Overground is only a short walk away. Crystal Palace Station and the nearby park are also within easy reach.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £465,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/4rx3zz47]
(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 24/06/2019).
Minimum Share: 30% (£139,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £969.63 per month (subject to annual review).
Service Charge: £222.87 per month (subject to annual review).
Guideline Minimum Income: Dual - £65,800 | Single - £75,900 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Bromley. 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 can only be obtained once you are the property owner).
Key Features
- Guideline Minimum Deposit £13,950
- Guide Min Income Dual £65.8k | Single £75.9k
- Ground Floor with Private Entrance
- Approx. 907 Sqft Gross Internal Area
- Open Plan Kitchen/Reception Room
- Spacious Main Bedroom
- Very Good Energy Efficiency Rating
- Patio / Balcony
- Communal Garden
- Allocated, On-Street Parking Space
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 30%, full price £465,000, £13,950 Min Deposit. Calculated using a representative rate of 5.13%
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