Shared Ownership

This superb modern home is available to buy from as little as £148,750 with a 35% share!

Situated on the ground floor and within a short walk of Beckenham Junction train station, this well presented apartment is being offered to the market with no onward chain and comes with parking. It has spacious accommodation that features an entrance hall that leads through to a wonderful open plan lounge/kitchen/diner with a door out to the garden. There are also two double bedrooms and a modern bathroom.

Situated just moments from the vibrant Beckenham High Street, you’ll enjoy easy access to a range of shops, cafes, and essential amenities. Excellent transport links nearby also provide swift connections to central London, making this a perfect choice for those seeking both tranquillity and convenience.

PRICING & AFFORDABILITY

Full Market Value: £425,000

35% Share Price: £148,750 (rent £633.07pcm)
Minimum 5% Mortgage Deposit (35% share): £7,438
Approximate Service Charges: £266.77pcm*
Shared Ownership Lease: approx. 116 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.
Service Charge: 3201.24.