SHARED OWNERSHIP
Crimscott Street
(Share Price (25%) - £200,000
Full Value Price £800,000
SHARED OWNERSHIP
Crimscott Street
(Share Price (25%) - £200,000
Full Value Price £800,000
Property reference number: 1638825
This property in Crimscott Street is a 2-bedroom property with gym, bike storage lift access now available in a block built around 2021. The lease remaining on the property is 244 years.
The property is situated just moments from the famous The Shard, Borough Market, Matly Street Market Old Kent Road with great transport links including Borough station served by the overground within walking distance. Local buses serve the area with links to central London.
The property benefits from various local amenities with supermarkets like Co-op, Tesco, Argos & Lidl and a plethora of shops, bars and restaurants all within convenient walking distance.
Crimscott Street is a peaceful haven from the bustle of urban life – yet with its elegant choice of restaurants, bars, shopping and leisure, it also opens up new possibilities for living in one of the capital’s most desirable areas.
- Nearest station: Borough, London Bridge, Bermondsey stations served by TFL
- Bus routes nearby: 21, C10, 188, 1, 172, 53, 63, 415, 21, 42
The property located on the third floor comprises:
- Entrance: Video & phone entry phone system.
- Living Room: Open plan living area to kitchen utility cupboard with washing machine and storage
Kitchen: Grey granite worktops with grey tiles. Integrated appliances (with a gas hob). Integrated appliances - Bedroom one: Double bedroom with grey carpeted flooring with a fitted wardrobe
- Bedroom two: Ensuite double bedroom with mirror and cabinet
- Bathroom: White suite comprising bath with shower head, WC and hand washbasin with cabinet and mirror.
- Outside: Secure cycle storage, balcony and 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.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody.
If you still haven’t received the email after checking here, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
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: 244 Years
- Annual service charge amount: £4,032
- Service charge review period: 1st April annually
- Council tax band: Band E
Financials*
Full Value
£800,000
Share Price
£200,000
Share Value
25%
Monthly Cost
£2,472
Monthly Mortgage
£1,026
Monthly Rent
£1,110
Monthly Service Charge
£336
Minimum Household Income
£83,000
Maximum Household Income
£90,000
Deposit Required
£20,000
*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.
Location
Crimscott Street, London, Southwark, SE1 5YQ Open in Google Maps