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Penny Black Court, Queens Road, London, SE15 2EZ

Shared ownership

Queen's Rd, London, SE15 2EZ

Sale under offer
Photo of Penny Black Court, Queens Road, London, SE15 2EZ
Photo of Penny Black Court, Queens Road, London, SE15 2EZ
Photo of Penny Black Court, Queens Road, London, SE15 2EZ
Photo of Penny Black Court, Queens Road, London, SE15 2EZ
Photo of Penny Black Court, Queens Road, London, SE15 2EZ
Photo of Penny Black Court, Queens Road, London, SE15 2EZ
Photo of Penny Black Court, Queens Road, London, SE15 2EZ
Photo of Penny Black Court, Queens Road, London, SE15 2EZ
Photo of Penny Black Court, Queens Road, London, SE15 2EZ
Photo of Penny Black Court, Queens Road, London, SE15 2EZ
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1 bedroom flat

This stylish one bedroom apartment comprises open plan living and kitchen, a large double bedroom with access to a private walled courtyard, stylish modern bathroom and comes with allocated parking and only minutes walk from Queens Road Peckham Station, connecting you to various parts of South-East London and more, including London Bridge in only 13 minutes by train and is also served by various bus routes and cycle paths.

Only a stone throw from the hustle and bustle of Peckham Rye offering all of its vibrancy.  Head to Rye Lane market, where you can find all your amenities with stalls selling fruit, veg, clothes, handbags and trainers and …

Features

On street/resident parking

Patio

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area65
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years119
EER Current90

from

£126,000

with min. deposit

£6,300

30% Share from
£126,000
Full market price
£420,000
Minimum deposit
£6,300
Monthly rent
£274
Monthly service charge
£261.84
Annual ground rent
£250
Reservation free
£300
Administration free
£450
Complete Moves

Complete Moves

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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