1 Bedrooms Flat for sale in Silwood Street, London SE16 | £ 150,000
Overview
| Price: | £ 150,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | London |
| Town: | London |
| Postcode: | SE16 |
| Address: | Silwood Street, London SE16 |
| Bathrooms: | 1 |
| Bedrooms: | 1 |
Property Description
*Shared Ownership* 40% Share for £150'000...
Ground floor, 1 Bed Apartment situated within the London Borough of Southwark - 40% share available for £150,000 (40% share price of £375,000 on a Shared Ownership basis - criteria applies).
Please see main description...
Accommodation includes;
Hall / Reception - Kitchen / Bedroom / Bathroom with WC
Ground floor, one bedroom home in the London borough of Southwark for £150,000 (40% share price of £375,000), available through Shared Ownership.
Monthly Fees:
Monthly Mortgage: £719.37*
Monthly Rent: £334.48
Monthly Service Charge: £114**
Notting Hill Administration Fee: £13.50
Council Tax: £98.50
Estimated Total (per month): £1,181.35 (excluding council tax)
* Estimate - The monthly mortgage is based on an interest rate of 3.99% with a capital and interest repayment over 25 years. It is based on a 10 % mortgage.
The rent may increase each year, the increase calculation will be specified in the lease.
** Service Charge payable to management company.
£150,000 (40% share of £375,000)
External
Wrap-around patio
*Accessibility rating - A
*EPC rating - B
*Length of Lease 95 years
Borough
Southwark
Eligibility
You will need to be earning a guidance income of £38,463. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £15,000. Total approximate savings required £19,000.
Important Borough specific eligibility criteria
Southwark
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Please email for further details...
Property Location
Property Marketed by York Property Shop
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