SHARED OWNERSHIP
Monmouth Court
Monmouth Court, Coopers Road, London, Southwark, SE1 5YA
Resale Shared Ownership
(Share Price (40%) - £206,000
Full Value Price £515,000
(Share Price (40%) - £206,000
Full Value Price £515,000
2 Bedrooms
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SHARED OWNERSHIP
Monmouth Court
Monmouth Court, Coopers Road, London, Southwark, SE1 5YA
Resale Shared Ownership
(Share Price (40%) - £206,000
Full Value Price £515,000
(Share Price (40%) - £206,000
Full Value Price £515,000
2 Bedrooms
Property reference number: 1638875
This stunning, 2-bedroom home with a private balcony, communal garden & secure bike storage is available in Southwark. The time remaining on the lease is 117 years.
The Old Kent Road is home to no less than seven different bus routes and enables easy access to the West End, The City, Waterloo and London Bridge. Bermondsey underground station and South Bermondsey railway station are just 10 minutes walk away offering an unprecedented choice for commuters.
Monmouth Court also benefits from green spaces too! Burgess Park lies opposite the apartments and is ideal for taking it easy, for many types of exercise and it’s where you can also enjoy one of the many concerts, fairs and festivals it has to offer.
- Nearest Railway Station: Elephant & Castle & Bermondsey stations
- Bus Routes Nearby: 21, 53, 78, 172, 453, N21, N53, 63, 363, N63
The property comprises:
- Living room: Open plan kitchen/lounge with brown wooden flooring. The door leads to the balcony. There are also two hallway cupboards
- Kitchen: White with Black granite worktop and splashback. Integrated kitchen appliances. Brown wooden flooring.
- Bedroom one & two: Double bedroom with floor to ceiling windows, view of the park and cream carpeted flooring
- Bathroom: White suite comprising panelled bath with shower head, partially tiled walls/partially painted wall. There is also a WC, large mirror and towel rail. Tiled beige flooring
- Outside: private balcony, communal garden & secure bike storage
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: 117 Years
- Annual service charge amount: £2,516.28
- Annual ground Rent: 0
- Ground rent review period: No ground rent to pay until final staircasing
- Service charge review period: 1st April annually
- Council tax band: Band E
*Financial information is correct as of 20.10.23
Financials*
Full Value
£515,000
Share Price
£206,000
Share Value
40%
Monthly Cost
£2,053
Monthly Mortgage
£995
Monthly Rent
£849
Monthly Service Charge
£210
Minimum Household Income
£75,000
Maximum Household Income
£90,000
Deposit Required
£20,600
*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
Monmouth Court, Coopers Road, London, Southwark, SE1 5YA Open in Google Maps
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