Consort Road

Studio homes in Southwark, Southwark, SE15 3SS

Tenure Shared ownership
What is Shared Ownership?
Availability Available

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

One bedroom first floor flat in the London Borough of Southwark, available to buy through Shared Ownership. Full market value £345,000 25% share available, share price £86,250.

Monthly fee
Monthly Mortgage**: £458.51
Monthly Rent: £477.00
NHHO Service Charge*: £129.15

Estimated Total (per month): £1,064.66

*Service Charge payable to Notting Hill 
**Estimate: The monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage The rent may increase each year, the increase calculation will be specified in the lease.

First floor
Entrance hall, Bathroom, Bedroom, Living Room/Kitchen,

External
Communal gardens and roof garden 
Private balcony

GIA
52 square metres as per RICS valuation

Accessibility rating 
F

EPC rating
D

Length of lease
114 years

Borough
Southwark

Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Consort Road

Studio homes in Southwark, Southwark, SE15 3SS

Tenure Shared ownership
What is Shared Ownership?
Availability Available

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes