SHARED OWNERSHIP

Villa Road - One Bed

SHARED OWNERSHIP

Villa Road - One Bed

Register interest

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

Villa Road property is a one-bedroom apartment located on the top floor of a three storey block built in 2000. The lease remaining on the property is 168 years.

There are good transport links with Brixton Railway and Underground Stations a 5 minute walk, linking to King's Cross St. Pancras in 19 minutes. Local and night buses serve the area and provide links to Central London.

Local amenities are located 0.2 miles away along Brixton Road. For leisure and enjoyment, bars and restaurants are within 0.2 miles.

  • Nearest station: Brixton Underground, Brixton National Railway
  • Bus routes nearby: 3, 59, 133, 159, 413, N3, N109, N133

The property located on the third floor comprises:

  • Entrance: Hallway with two built-in storage cupboards and entry phone system.
  • Living room: Spacious living area with lots of natural light overlooking Max Roach Park. Laminate flooring.
  • Kitchen: White base and wall units with grey worktop and tiled splashback. Freestanding appliances in very good condition. Laminate flooring.
  • Bedroom: Double bedroom with carpeted flooring.
  • Bathroom: White suite comprising panelled bath with shower head, WC and hand washbasin. Laminate flooring.
  • Outside: Communal garden to side of property.

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: 168 Years
  • Annual ground rent amount: Not applicable until final staircasing
  • Ground rent review period: Not applicable until final staircasing
  • Annual service charge amount: £1548.60
  • Service charge review period: 1st April annually
  • Council tax band: Band C

Floorplan

floorplan

Financials*

Full Value

£400,000

Share Price

£200,000

Share Value

50%

Monthly Cost

£1,369

Monthly Mortgage

£808

Monthly Rent

£432

Monthly Service Charge

£129

Minimum Household Income

£48,500

Maximum Household Income

£90,000

Deposit Required

£20,000

*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

5 Villa Road, London, Lambeth, SW9 7ND 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.