2 bedroom apartment for sale
Key information
Features and description
- Tenure: Leasehold (118 years remaining)
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.
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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
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