Shared Ownership - CASH BUYERS ONLY

This superb modern home is available to buy from as little as £372,500 with a 60% share!

This superb ground floor apartment is available to CASH BUYERS ONLY due to a staircasing restriction of 60%. The bright and spacious accommodation consists of an entrance hall with built in storage, double bedroom, modern shower room, kitchen and a large reception room. There is a door to a wrap around private garden and this property also benefits from an allocated parking space.

The property is situated within a mixed commercial and established residential district on the border of the City of London, close to all comprehensive shopping and transport facilities, and a short walking distance away from the fashionable St. Katherine’s Dock and Tower Hill districts. All comprehensive transport and shopping facilities are available nearby.

PRICING & AFFORDABILITY

Full Market Value: £620,833

60% Share Price: £372,500 (NO RENT)
Approximate Service Charges: £159.11pcm*
Shared Ownership Lease: approx. 89 years
Council Tax Band: C

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.