SHARED OWNERSHIP

Effra Parade - One Bed

SHARED OWNERSHIP

Effra Parade - One Bed

Register interest

Once you have registered your interest, you will receive an email to book your viewing.

The Effra Parade property is a one bedroom, third floor apartment, with an approximate size of 42 sq. m situated in a block of flats built in 2006. It benefits from a communal courtyard. The lease remaining on the property is 109 years.

There are good transport links with Brixton underground station (Victoria Line) 0.5 miles away, also served by National Rail at Brixton serving Victoria mainline station. Herne Hill National Rail is 0.5 miles linking to Victoria and King's Cross via Blackfriars.

Local amenities are located 0.1 miles away along Effra Parade, and for leisure and enjoyment, Brockwell Park and Lido is within 0.2 miles. Brixton and Herne Hill restaurants and numerous pubs and coffee shops are all within 5-10 minute walk.

  • Nearest Station: Brixton Station (Zone 2) served by the National Rail and Victoria Line.
  • Bus routes nearby: 3, 37, 196, 322, 2, 432 and N3 from Dalberg Road, Dulwich Road, Railton Road and Effra Road.

The property located on the second floor comprises:

  • Entrance: Hallway with large cupboards and entry phone system
  • Living Room: Spacious lounge with floor to ceiling windows facing communal area and lots of natural light leading to a modern open plan kitchen. Cream carpeted flooring.
  • Kitchen: Cream wall units with marble worktop and white tiled splashback. Integrated oven, hob and extractor hood. With free standing fridge freezer and washing machine. Linoleum flooring.
  • Bedroom One: Double bedroom with fitted wardrobe. Cream carpeted flooring.
  • Bathroom: White bathroom suite comprising panelled bath with chrome shower head, WC and hand washbasin with mirror and light over. Heated towel rail and shaver socket. Full height white tiling around bath. Linoleum flooring.
  • Outside: Gated communal yard and secure cycle storage.

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the 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 after checking here, please contact Peabody.resales@peabody.org.uk and our team will be able to help you.

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, 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 high-spec homes even more affordable in such a sought after location.

Financial information

  • Tenure: Leasehold
  • Remaining Lease Term: 109 years
  • Annual ground rent amount: N/A
  • Ground rent review period: N/A
  • Annual service charge amount: £1,708.08
  • Service charge review period: 1st April annually
  • Council tax band: Band C

Floorplan

floorplan

Financials*

Full Value

£340,000

Share Price

£119,000

Share Value

35%

Monthly Cost

£1,015

Monthly Mortgage

£448

Monthly Rent

£424

Monthly Service Charge

£142

Minimum Household Income

£36,000

Maximum Household Income

£90,000

Deposit Required

£11,900

*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 sales team for more details.

Location

37 Effra Parade, London, Lambeth, SW2 1PF Open in Google Maps

map

Transport

Education

Food and Drink

Leisure

Retail

Worship

Healthcare

Next steps

To book a property viewing, please register your interest and we will email you details on how to book online. Alternatively you can get in touch directly with our Resident Sales Team using the link below.

Register Your Interest...

Before submitting your details, please read the terms and conditions, and read how we will use your personal information as described in the privacy policy.