St George's Wharf

Studio homes in Lambeth, Lambeth, SW8 2JA

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

Studio flat located on the fifth floor, in the London Borough of Lambeth available to buy through Shared Ownership. Full market value £385,000. 30% share available, share price £115,500.

Monthly fees
Monthly Mortgage**: £614.01
Monthly Rent: £516.77
Other Housing Association Service Charge*: £160 (estimated)
Notting Hill Administration Fee: £13.50
Council Tax: £109.17

Estimated Total (per month): £1,413.45

*Service Charge payable to Rendall & Rittner 
**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.

Ground Floor
Communal Entrance Hall with passenger lift.

Fifth Floor
Living Space, Kitchen, Bathroom with WC

External
Balcony

GIA
36 square metres (387 sq. ft) as per RICS valuation

Accessibility rating 
A

EPC rating
C

Length of lease
87 years

Borough
Lambeth

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.

St George's Wharf

Studio homes in Lambeth, Lambeth, SW8 2JA

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