£186,000
3 bed flat for saleEdgar House, Francis Harvey Way, London SE8
3 beds
2 baths
1 reception
EPC Rating: B
- Shared ownership
- Leasehold
Urban Moves
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About this property
Guideline Minimum Deposit £18,600
Guide Min Income Dual £67k | Single £77.3k
Top Floor (third, no lift)
Approx. 1102 Sqft Gross Internal Area
Bathroom plus En-Suite Shower Room
Very Good Energy-Efficiency Rating
Large Balcony
Communal Parking
Shared ownership (Advertised price represents 30% share. Full market value £620,000). A rare chance to buy a spacious, three-bedroom, shared-ownership apartment. The smartly-presented property is part of a small block and is the only apartment on the top (third) floor. Access is via stairs and features include a twenty-five-foot, dual-aspect reception room with attractive flooring and a combination of gloss-white and wood-grain units in the open-plan kitchen area. A glazed door leads out onto a rear-facing balcony which runs almost the full width of the apartment. There is a main bedroom with en-suite shower room plus a generously-sized second bedroom, a smaller third double bedroom and a stylish bathroom. Three storage/utility cupboards have been provided in the entrance hallway and the well insulated walls and roof, high performance glazing and modern gas central heating system make for a very good energy-efficiency rating. St Johns is the nearest station and offers a frequent service into London Bridge/Cannon Street. New Cross and Deptford Bridge are also within easy reach for London Overground and DLR respectively. The shops, bars and restaurants of Deptford High Street are only a short walk away and Deptford Railway Station provides additional Thameslink services via Farringdon and St Pancras.
Additional Information 1
Interested parties are required to complete the shared ownership common application form []
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Additional Information 2
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/06/2016).
Minimum Share: 30% (£186,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £742.78 per month (subject to annual review).
Service Charge: £172.25 per month (subject to annual review).
Ground Rent: £300.00 for the year.
Guideline Minimum Income: Dual - £67,000 | Single - £77,300 (based on minimum share and 10% deposit).
Council Tax: Band E, London Borough of Lewisham. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). The lease provides 'The right on a first come first served basis in common with all others so entitled to park a single motor vehicle in such parking spaces as the landlord shall from time to time allocate for such purposes subject to the leaseholder not occupying more than one such parking space at any one time.'
Additional Information 3
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Reception
25' 4" x 14' 2" (7.72m x 4.32m)
Kitchen
Included in reception measurement
Balcony
30' 4" x 5' 11" (9.25m x 1.80m)
Bedroom 1
14' 8" x 10' 8" (4.47m x 3.25m)
En-Suite Shower Room
6' 9" x 6' 8" (2.06m x 2.03m)
Bedroom 2
13' 10" x 11' 11" (4.22m x 3.63m)
Bedroom 3
14' 8" x 7' 5" (4.47m x 2.26m)
Bathroom
7' 5" x 6' 9" (2.26m x 2.06m)
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More information
Tenure
Leasehold (116 years)
Service charge
£2,067
Council tax band
E
Ground rent
£300
Ground rent date of next review
Ground rent review period
Every 25 years
Shared ownership percentage owned
30%
Shared ownership rent
£743 per month