SHARED OWNERSHIP

Churchyard Row 2Bed

SHARED OWNERSHIP

Churchyard Row 2Bed

Register interest
Property reference number: 1638955
 
This is stunning, 2-bedroom home with private parking, balcony, underfloor heating and bike storage is available in Southwark. The time remaining on the lease is 119 years.
 
A well designed and spacious apartment with views of the Palace of Westminster and the London Eye (perfect for royal fly-pasts and New Years fireworks). A sought after location in Zone 1 within walking distance of all London's major landmarks. Elephant Park (open space + shops, bars, restaurants), Kennington Park, Imperial War Museum & London Southbank are all within a short distance. Closest Supermarket - Sainsbury's local.
 
A long-awaited 'town-centre' shopping complex within 250m of the apartment is due to finish construction within the next 2 years, offering many more amenities and will undoubtedly positively influence the value of property in the area.
  • Nearest Railway Station: Elephant & Castle station
  • Bus Routes Nearby: 31, 12, 35, 40, 45, 53, 63, 68, 133, 136, 148, 155, 168, 171, 172, 176, 188, 196, 333, 343

The property comprises:

  • Open plan layout including kitchen and dining area with a door leading to the balcony
  • Storage room
  • Integrated appliances (Hotpoint integrated fridge & freezer, (electric) hob, oven and dishwasher).
  • Fitted wardrobe, large floorspace for dressing area and clothes storage
  • Secure underground private parking space (residents' discount 90% reduction for the congestion charge)
  • Secure cycle storage
  • Balcony
  • Communal garden

What happens after I register my interest?

You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody.

If you still haven’t received the email after checking here, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.

What is Shared Ownership?

Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.


Financial information

  • Tenure: Leasehold
  • Remaining lease term: 119 Years
  • Annual service charge amount: £4,613.40
  • Annual ground Rent: £350
  • Ground rent review period: Every 10 years from the commencement date
  • Service charge review period: 1st April annually
  • Council tax band: Band E
*Financial information is correct as of 4.10.23

Floorplan

floorplan

Financials*

Full Value

£590,000

Share Price

£177,000

Share Value

30%

Monthly Cost

£2,457

Monthly Mortgage

£730

Monthly Rent

£1,342

Monthly Service Charge

£384

Minimum Household Income

£90,000

Maximum Household Income

£90,000

Deposit Required

£19,800

*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.

Location

Churchyard Row, Southwark, London, Southwark, SE11 4FE Open in Google Maps

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Transport

Education

Food and Drink

Leisure

Retail

Worship

Healthcare

Downloads

EPC

Next steps

To book a property viewing, please register your interest and we will email you details on how to book online. Alternatively you can get in touch directly with our Resident Sales Team using the link below.

Register Your Interest...

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