Shared Ownership

This superb modern home is available to buy from as little as £225,000 with a 45% share!

A bright and spacious two bedroom first floor apartment in Tooting. This exceptional apartment provides well-planned accommodation consisting of two large double bedrooms, bathroom and an impressive open plan kitchen/living space with a door to a balcony. There is an allocated parking space.

The property is located in a mixed residential area close to all local amenities including shops, pubs, restaurants, and cafes.
Tooting Broadway tube station is a 7-minute walk away and Tooting train station is roughly a 10-minute walk away. Tooting market and high street are also only a short walk from the property.

PRICING & AFFORDABILITY

Full Market Value: £500,000

45% Share Price: £225,000 (rent £722.24 pcm)
Minimum 5% Mortgage Deposit (45% share): £11,250
Approximate Service Charges: £168.76 pcm*
Shared Ownership Lease: approx. 89 years
Council Tax Band: D

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £500,000 and a purchaser would not need to meet the eligibility criteria listed above.
Service Charge: 2025.12.