Shared Ownership
This superb modern home is available to buy from as little as £166,250 with a 35% share!
Nestled on the second floor, this bright and spacious one-bedroom apartment offers a wonderful blend of comfort and convenience in the heart of SW4. Designed with a practical layout, this home offers a large, airy bedroom that provides plenty of room for relaxation and storage. The welcoming reception room opens onto a private balcony, where you can enjoy some outdoor space with views over the surrounding area. A well-equipped kitchen provides ample workspace and storage, while the fully tiled bathroom is conveniently positioned near the bedroom and living areas.
Situated on Fairbourne Road, this property benefits from an enviable location in one of London’s most vibrant neighborhoods. Clapham offers a wealth of amenities, from independent cafes and boutique shops to renowned restaurants and lively pubs, giving the area a strong sense of community. The nearby Clapham Common provides an ideal green escape, perfect for weekend strolls, picnics, or outdoor activities. Excellent transport links, including nearby tube stations and bus routes, make it easy to navigate London and beyond, while essential shops and services are all within easy reach.
PRICING & AFFORDABILITY
Full Market Value: £475,000
35% Share Price: £166,250 (rent £960.30pcm)
Minimum 5% Mortgage Deposit (35% share): £8,312.50
Approximate Service Charges: £132.37pcm*
Shared Ownership Lease: approx. 119 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.
** This home can also be purchased outright (100% of the value) which is £475,000 and a purchaser would not need to meet the eligibility criteria listed above.
