This superb modern home is available to buy from as little as £96,250 with a 25% share!
Situated in a quiet residential area of Wallington, this modern top-floor apartment offers comfortable and stylish living within a well-maintained two-storey building.
The property features a bright open plan living and kitchen area, ideal for relaxing or entertaining. There are two bedrooms, including a main bedroom with en-suite, and a separate family bathroom.Residents benefit from allocated parking and secure entry, providing peace of mind.
The location offers excellent access to local amenities, with a range of shops, supermarkets, and cafes within easy reach. Nearby parks and green spaces provide a place to unwind, while leisure facilities, gyms, and restaurants are all close by. Wallington and Hackbridge stations are also nearby, providing fast links into London Victoria and London Bridge, making commuting convenient.
PRICING & AFFORDABILITY
Full Market Value: £385,000
25% Share Price: £96,250 (rent £788.68pcm)
Minimum 5% Mortgage Deposit (25% share): £4812.50
Approximate Service Charges: £197.93pcm*
Lease:120 Years
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 £385,000 and a purchaser would not need to meet the eligibility criteria listed above.
