Co-Operative House
£110,000 for a 25% share
Property description
Purpose built apartment at Peckham Rye
Property address
Rye Lane, Peckham, SE15 4UR
Shared Ownership
SHARED OWNERSHIP
Full Market Value: £440,000
Share Value (25%): £110,000
Monthly Rent: £772.38
Service Charge: £264.01
Council Tax Band: C
EWS1 Certification is available for this block - B1 rating
99 year lease commenced in April 2007 - 81 years remaining - extension to 990 years available
A wide entrance hall, complete with two storage cupboards welcomes you into this apartment. consisting of an open-plan kitchen and living area, flooded with natural light from wide floor-length windows, which open onto a private balcony. The double bedroom benefits from built-in storage cupboards and there is a second single bedroom/home office. A family bathroom completes the accommodation.
Located in the heart of Rye Lane near a wide selection of local bars and restaurants and also a short walk from Peckham Rye Common and Peckham Rye Park. Transport links are provided via Peckham Rye, just a few minutes walk away and is served by the Overground, Southern, and Thameslink lines. There is a bus stop with a range of lines into the city and SE London outside the building.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £59,454. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of September 2024.
This is an indication of how much these apartments might cost.
For more detailed information please register your interest in this property.
Minimum Full Market Value | £440,000 |
---|---|
Minimum Share Percentage | 25% |
Minimum Share Value | £110,000 |
Monthly Service Charge | £264 |
Minimum Deposit | £11,000 |
Located in the heart of Rye Lane near a wide selection of local bars and restaurants and also a short walk from Peckham Rye Common and Peckham Rye Park. Transport links are provided via Peckham Rye, just a few minutes walk away and is served by the Overground, Southern, and Thameslink lines. There is a bus stop with a range of lines into the city and SE London outside the building.
Parking
- Allocated parking
Others
- Balcony
- Central heating
- Double Glazing
- Lift access
- Pets allowed
Outside space
- Communal Garden