SHARED OWNERSHIP
Churchyard Row 2Bed
Share Price (30%) £177,000
Full Value Price £590,000
SHARED OWNERSHIP
Churchyard Row 2Bed
Share Price (30%) £177,000
Full Value Price £590,000
- 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
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