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MapShared ownership
£161,2503 bedroom apartment for sale
Maltby Street, London
Chain-free
Apartment
3 beds
2 baths
Key information
Tenure: Leasehold | unconfirmed share | 990 yrs left
Service charge: £4,894.20 per annum
Council tax: Ask agent
Mobile signal:
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Features and description
- Modern shared ownership home
- Ground floor apartment
- Three bedrooms
- 30ft kitchen/dining/living space
- Garden
- Extended lease
- No onward chain
Shared Ownership
This superb modern home is available to buy from as little as £161,250 with a 25% share!
A bright and spacious ground floor apartment in Bermondsey surrounded by amenities and half a mile from London Bridge Tube Station. The accommodation spans over 1000 sq. ft and comprises three spacious bedrooms, en-suite and family bathrooms and an impressive 30ft kitchen/dining/living space. This property will be sold with a 990 year lease and no onward chain complications.
Arc House is situated within a residential area in Bermondsey in the borough of Southwark.
The development is close to Maltby Street Market / Ropewalk, which is popular for food, independent shops and eateries. It is also within good proximity to parks, the river, and cultural spots in SE1 / Southwark / Bankside etc. Bermondsey Street and Tower Bridge Road are within easy reach of Arc House which both provide cafes/restaurants, shops and amenities.
Nearby tube stations provide regular services around London via the Northern and Jubilee lines.
PRICING & AFFORDABILITY
Full Market Value: £645,000
25% Share Price: £161,250 (rent £1,108.59pcm)
Minimum 5% Mortgage Deposit (% share): £8,062.50
Approximate Service Charges: £407.85 pcm*
Lease: 990 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
This superb modern home is available to buy from as little as £161,250 with a 25% share!
A bright and spacious ground floor apartment in Bermondsey surrounded by amenities and half a mile from London Bridge Tube Station. The accommodation spans over 1000 sq. ft and comprises three spacious bedrooms, en-suite and family bathrooms and an impressive 30ft kitchen/dining/living space. This property will be sold with a 990 year lease and no onward chain complications.
Arc House is situated within a residential area in Bermondsey in the borough of Southwark.
The development is close to Maltby Street Market / Ropewalk, which is popular for food, independent shops and eateries. It is also within good proximity to parks, the river, and cultural spots in SE1 / Southwark / Bankside etc. Bermondsey Street and Tower Bridge Road are within easy reach of Arc House which both provide cafes/restaurants, shops and amenities.
Nearby tube stations provide regular services around London via the Northern and Jubilee lines.
PRICING & AFFORDABILITY
Full Market Value: £645,000
25% Share Price: £161,250 (rent £1,108.59pcm)
Minimum 5% Mortgage Deposit (% share): £8,062.50
Approximate Service Charges: £407.85 pcm*
Lease: 990 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
Property information from this agent
About this agent
Evolved from Leaders Romans Group in 2018, SOWN is a dedicated shared ownership brand. We provide a full sales and marketing service on behalf of Housing Associations across the UK, for both new-build and re-sale shared ownership homes. Our specialist team focuses exclusively on shared ownership, which allows us to give the shared ownership market the attention it deserves. We're currently operating out of hubs in Wokingham, London and Nottingham. At SOWN, we take care of everything. As part of the 40-year-strong Leaders Romans Group, we offer a comprehensive range of property services for landlords, buyers, sellers, property developers and Housing Associations. Whether it's residential sales and auctions, mortgages and financial advice, build to rent, new homes, surveys, lettings, or planning and architecture; our experts will guide you every step of the way. Our formula for getting shared ownership right is setting up dedicated and highly experienced teams for every stage of the process. Our Pre-sales team handles all enquiries, which are then passed onto the Move Managers (sales progressors). We can also provide buyers with access to surveyors, legal services and our specialist mortgage advisor, Mortgage Scout, for support and up-to-the-minute advice. Ready to start your shared ownership journey? To find out how SOWN can help you find your dream home, contact us today.