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251 Southwark Bridge Road 904051222

Shared ownership

Southwark Bridge Road, London, SE1 6FJ

Sale under offer
Shared ownership
Photo of 251 Southwark Bridge Road 904051222
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from

£180,000

with min. deposit

£18,000

25% Share from
£180,000
Full market price
£720,000
Minimum deposit
£18,000
Monthly rent
£811
Monthly service charge
£354.28

2 bedroom flat

Newly built in 2018, the property comprises a communal entrance with 24-hour concierge and audio-visual entry system, lift access, open plan kitchen and reception, fitted kitchen with integrated appliances (including dishwasher, washer/dryer, fridge-freezer), Juliette balcony, two bedrooms, master bedroom with ensuite shower, family bathroom with shower over bath, two hallway storage cupboards, underfloor heating, and floor to ceiling windows throughout. 

 

This apartment also benefits from use of a cinema room, gym, steam shower, secure bike parking and a community garden. The apartment is west facing overlooking a vertical garden, the …

Features

Communal Garden

Lift access

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area68
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years999
Key Information Document (1)
Key Information Document (2)

from

£180,000

with min. deposit

£18,000

25% Share from
£180,000
Full market price
£720,000
Minimum deposit
£18,000
Monthly rent
£811
Monthly service charge
£354.28
Hyde New Homes

Hyde New Homes

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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