3 bedroom house for sale

Available

Gillan Court, SE12 0DA

£165,000 · Shared Ownership New Build

Share percentage 25%, full price £660,000, £8,250 Min Deposit.

Available
3 bedrooms
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£165,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £660,000, £8,250 Min Deposit.

Monthly Cost: £2,224
Rent £1,134, Service charge £150, Mortgage £940*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

£
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.

At Gillan Mews you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

Summary

Brand new Shared Ownership

Description

Gillan Mews is a brand new collection of 2 and 3 bedroom homes, situated in an excellent location and available to purchase via the Shared Ownership Scheme.

The immediate area is well served by good local schools and conveniently located for both Grove Park (0.2 miles) and Lee Station (1.4 miles) with frequent trains into the city. Grove Park Station has direct links into London Bridge, Charing Cross, Blackfriars, Waterloo East & Cannon Street in as little as 14 minutes. Close by are several popular open spaces including Northbrook and Hornfair Parks. The highly sought after Eltham College and Colfes schools are both within easy reach as are the daily conveniences of Grove Park high street.

Key Features

Brand new Shared Ownership home

Approx 0.2 miles from Grove Park Station

Private garden

Open plan lounge/kitchen/diner

Accommodation over three floors

Excellent commuter links

Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
Grove Park (0.18 miles) Lee (1.22 miles) Mottingham (1.26 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
  • Service Charge: Covers maintenance and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.

£165,000
Shared Ownership New Build
Estimated Monthly Cost:£2,224
Rent £1,134
Service Charge £150
Mortgage £940

Share percentage 25%, full price £660,000, £8,250 Min Deposit. Calculated using a representative rate of 5.26%


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Gillan Mews
Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.