2 bed flat for sale

Rye Lane, Peckham, London SE15

This bright and well-presented two bedroom flat is now available in Peckham for Shared Ownership.

The property is situated on the third floor and comprises an entrance hall, open-plan kitchen and living area, private balcony, two bedrooms (one en-suite) and one bathroom. Perfect for singles, couples or small families.

Outside, the property benefits from two communal terrace areas.

Available for £269,500 for 55% share based on the marketing figure of £490,000.

Monthly rent - £736.54
Monthly Service Charge - £236.54
Total Monthly Charge - £973.08 plus mortgage required for 55% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

Location

The property is situated in a well‐established residential pocket of Peckham, placing a wide range of local amenities right on your doorstep.

There are good transport connections, with bus stops just a 2 minute stroll away and Peckham Rye Station only a 7 minute walk, offering railway and Overground services for easy travel across London.

A supermarket is just a 2 minute walk from the property, with several cafés and restaurants close by, and a larger supermarket only an 11 minute walk away.

In addition, within a 1.0 mile radius, there are several schools that can be reached with a 12 minute walk or a 5 minute drive. Ideal for families with children.

EPC rating

Energy rating band - B

Environmental impact band - B

Other information

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by so Resi and mtvh

You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.