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2 bedroom apartment for sale

Flannery Court, Keetons Road, London
Chain-free
Apartment
2 beds
1 bath
Added > 14 days

Key information

TenureLeasehold | unconfirmed share | 900 yrs left
Service charge£2,640.96 per annum
Council taxAsk agent
BroadbandSuper-fast 80Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Leasehold (900 years remaining)
  • Modern Shared Ownership home
  • Gated private parking
  • No onward chain
  • Just yards from Bermondsey underground station
  • Lounge/diner with a separate kitchen
  • Extended lease
Shared Ownership

This superb modern home is available to buy from as little as £260,000 with a 50% share!

Situated in a highly sought-after location, the accommodation includes: 19ft lounge/diner with access to a private balcony, a separate 14ft kitchen, two double bedrooms and bathroom. The property also benefits from an allocated parking bay and no onward chain.

Set just yards from Bermondsey underground station and offering easy access to central London, Canary Wharf, and walking distance to the City of London. London Bridge mainline station also servicing the Jubilee and Northern Tube lines is within walking distance. Easy access to the fashionable Bermondsey Street, Maltby Street Market and Borough Market. Nearby local amenities such as doctor’s surgery, pharmacy, bakery and other local shops. Only a 5-minute walk to the river and a nearby Tesco and Co-Op for convenience.

PRICING & AFFORDABILITY

Approximate Size: 807 sq ft

Full Market Value: £520,000

50% Share Price: £260,000 (rent £481.68 pcm)
Minimum 5% Mortgage Deposit (50% share): £13,000
Approximate Service Charges: £220.08pcm*
Shared Ownership Lease: (Being increased to in excess of 900 years as part of the sale)
Council Tax Band: C

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.

* This home can also be purchased outright (100% of the value) which is £520,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property information from this agent

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About this agent

SOWN - National
SOWN - National
Crowthorne House, Nine Mile Ride Wokingham RG40 3GZ
023 8221 9179
Full profileProperty listings
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.
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