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1 Varcoe Road, London SE16

Discounted market sale

SE16 3FS, SE16 3FS

For sale
Discounted market sale
Photo of 1 Varcoe Road, London SE16
Live from space album cover

from

£310,000

with min. deposit

£31,000

Minimum deposit
£31,000
Monthly service charge
£121
Annual ground rent
£350

1 bedroom flat

The apartment is located in South Bermondsey, only a few mins walk from South Bermondsey Train Station.

Great unobstructed view out across London from this third-floor apartment, The living room and bedroom offer spectacular views of some of the London landmarks (Millennium Wheel, Shard, Gherkin, Walkie Talkie and etc)- Check out the stunning views under the video tour link.

The building includes a communal workroom which is an ideal space to work from home away from the apartment, a sunroom, top floor (7th) roof terrace, as well as another terrace on the 6th-floor and a bike room with ample spaces.

Located right above a convenience store on …

Features

Bedrooms1
Bathrooms1
Reception rooms0
Furniture statusunfurnished
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£310,000

with min. deposit

£31,000

Minimum deposit
£31,000
Monthly service charge
£121
Annual ground rent
£350
Pocket Living Resales

Pocket Living Resales

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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