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251 Southwark Bridge Road (Ref 405180322)

Shared ownership

London SE1 6FJ, London, SE1 6FJ

For sale
Shared ownership
Photo of 251 Southwark Bridge Road (Ref 405180322)
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from

£185,000

with min. deposit

£18,500

25% Share from
£185,000
Full market price
£740,000
Minimum deposit
£18,500
Monthly rent
£778
Monthly service charge
£380.11

2 bedroom flat

251 Southwark Bridge Road, Elephant & Castle, London, SE1 6FJ

Available through our resale shared ownership scheme, a fourth floor, two-bedroom apartment situated in the vibrant and convenient area of Elephant and Castle, South London.

   

Property description:

This fourth floor, two-bedroom apartment comprises a communal entrance with entry system, open plan kitchen and reception with a wintergarden, fitted kitchen with integrated appliances, two double bedrooms with built in wardrobe, balcony and one ensuite, family bathroom with shower over bath and storage cupboards in hallway. 

 

The property also benefits from access to a 24hr concierge, …

Features

Balcony

Lift access

Bedrooms2
Bathrooms2
Reception rooms1
Furniture statusunfurnished
Floor area67
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£185,000

with min. deposit

£18,500

25% Share from
£185,000
Full market price
£740,000
Minimum deposit
£18,500
Monthly rent
£778
Monthly service charge
£380.11
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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