SHARED OWNERSHIP
Success House - First Floor
Success House, Coopers Road, London, Southwark, SE1 5ZT
Resale Shared Ownership
(Share Price (50%) - £220,000
Full Value Price £440,000
(Share Price (50%) - £220,000
Full Value Price £440,000
2 Bedrooms
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SHARED OWNERSHIP
Success House - First Floor
Success House, Coopers Road, London, Southwark, SE1 5ZT
Resale Shared Ownership
(Share Price (50%) - £220,000
Full Value Price £440,000
(Share Price (50%) - £220,000
Full Value Price £440,000
2 Bedrooms
Property reference number: 1638901
Coopers Road 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.
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, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Resale 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
Success House is a spacious two-bedroom apartment located on the first floor of a seven storey building built in 2010. The approximate size of the property is 61 square metres, and the lease remaining on the property is 112 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.
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.
Coopers Road 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 Station: Bermondsey, Elephant & Castle
- Bus Routes Nearby: 53, 453, 78, 21, 172, 63 and 363
The property located on first floor comprises:
- Entrance: Hallway with one storage cupboard and entry phone system.
- Living room: Spacious living area with lots of natural light and sliding doors to balcony. Laminated timber flooring.
- Kitchen: White high gloss wall units with granite colour laminated worktop and splashback. Integrated appliances in very good condition. Laminated timber flooring.
- Bedroom one: Double bedroom with built-in wardrobe. Carpeted flooring.
- Bedroom two: Double bedroom. Carpeted flooring.
- Bathroom: White suite comprising tiled bath with shower head over bath, WC and hand washbasin with large mirror and light. Linoleum tiled flooring.
- Outside: Private balcony, secure cycle storage and communal garden.
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, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Resale 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: 112 years
• Annual ground rent amount: £250
• Ground rent review period: 25 years
• Annual service charge amount: £3,483.84
• Service charge review period: Annually
• Council tax band: D
• Remaining lease term: 112 years
• Annual ground rent amount: £250
• Ground rent review period: 25 years
• Annual service charge amount: £3,483.84
• Service charge review period: Annually
• Council tax band: D
*Financial information correct as of 17.10.2023
Financials*
Full Value
£440,000
Share Price
£220,000
Share Value
50%
Monthly Cost
£1,784
Monthly Mortgage
£1,187
Monthly Rent
£306
Monthly Service Charge
£290
Minimum Household Income
£63,000
Maximum Household Income
£90,000
Deposit Required
£22,000
*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
Success House, Coopers Road, London, Southwark, SE1 5ZT Open in Google Maps
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