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2 bed Flat For Sale £171,500
37 Effra Parade, Lambeth, London SW2


Description
Full Market Value
£490,000

Share Value(35%)
£171,500

Monthly Rent
£518

Service Charge
£143

Minimum Income
£48,000

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

The Effra Parade property is a two bedroom, second floor apartment, with an approximate size of 68 sq. M situated in a block of flats built in 2007. 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 cupboard and entry phone system.
  • Living room: Spacious lounge overlooking the communal area and lots of natural light leading to a modern open plan kitchen. Beige carpeted flooring.
  • Kitchen: Cream wall units with brown worktop and tiled splashback. Integrated appliances in very good condition. Linoleum flooring.
  • Bedroom one: Double bedroom with fitted wardrobe. Cream carpeted flooring.
  • Bedroom two: Double bedroom. Cream carpeted flooring.
  • Bathroom: White bathroom suite comprising panelled bath with chrome shower head, WC and hand washbasin with mirror over. Tiled 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 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: £1,712.28
  • Service charge review period: 1st April annually
  • Council tax band: Band D

Follow the link for more information:
        
zoopla.co.uk

  
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