1 bed Flat For Sale £499,950
Two Fifty One, Southwark Bridge Road, Elephant & Castle SE1

A luxury one bedroom apartment set within Two Fifty One, a landmark residential development in the vibrant Borough. Accommodation spans 536 sq ft and includes an open-plan living area, fully integrated kitchen features gloss cabinetry, ample sized bedroom with built in wardrobe space, fully tilled bathroom suite is fitted with hand-held and rainfall showerheads, smart fittings and fixtures. Further features include underfloor heating, timber-effect plank-tiled flooring, floor to ceiling glazing, recessed lighting through-out.

Onsite facilities include a cinema, gym, a meeting room and residents have access to 24-hour concierge services. Two Fifty One is excellently positioned for a wide range of amenities of the South Bank, Borough, Elephant & Castle and the adjacent areas. There is a thriving community of independent shops, restaurants and markets including the nearby Mercato Metropolitano. The development is a short walk away from Borough (Northern) and Elephant and Castle (Northern & Bakerloo) Underground stations.

Tenure: Leasehold
Lease: 999 years from 2018
Ground Rent: Peppercorn
GR Review: N/A
Service Charge: £3,200 p.a.
SC Review: Annually

Shared ownership: Yes
Housing Association: Hyde New Homes
Percentage Share: 50%
Share Price: £245,000
Monthly Rent: £559.57 pcm

Qualifying criteria for purchasing a share:
Be a first-time buyer (or isn’t a current homeowner)
Pass the affordability assessment with an Independent Financial Advisor, approved on the Hyde New Homes panel. To pass the affordability assessment, all household outgoings can be no less than 25% and no more than 45% debt to household income.
Must be able to obtain a high street Mortgage (we do not accept adverse credit lenders)
Must have a good credit history – no CCJ’s or loan defaults