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£131,250
Well-presented two-bedroom, third-floor apartment available for sale through Shared Ownership resale scheme. This home is finished to a high standard, available with a pr...
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
2-bedroom apartment available through Shared Ownership Resale in Teddington!
Well-presented two-bedroom, third-floor apartment available for sale through Shared Ownership resale scheme. This home is finished to a high standard, available with a private balcony, built in wardrobes to the master bedroom, fitted kitchen with integrated appliances, and great transport links.
Key Features
- 2-bedrooms
- Located in sought after Teddington
- Energy efficient home - EPC Rating: B
- Open kitchen/living area with integrated appliances
- Private balcony
- Communal parking
- Fitted carpets to bedrooms
- Quick transport links via Teddington Station
- Modern bathroom
- Lease length: 994 years
Key Information
- Tenure: Shared Ownership
- Available Shares from: 25%
- Full Market Value: £525,000
- Share Value (initial purchase) from: £131,250
- Rent (on unsold equity): £1,170
- Service Charge: £101 per month
- Lease Length: 994 years
- Council Tax Band: D
- EPC Rating: B
Please note that higher shares may be available to purchase. The final share amount will be discussed and agreed upon during your financial assessment.
Development & Location
Experience the best of both worlds in a friendly and vibrant spot that combines great rail links, shops, cafes and restaurants with open green spaces and the nearby renowned beauty spot, Bushy Park.
Teddington High Street is a treasure box of boutiques, well-known high-street brands and beautiful interiors stores. Gourmet lovers will love getting to know the mix of cool modern eateries such as the Fallow Deer, welcoming pubs and bars and world cuisine with first class restaurants on offer. Looking for something a bit more vigorous? There's a mixture of gyms and yoga studios on the High Street and Fulwell Golf Club is only a couple of miles away.
Teddington is also known for its excellent schools with many of them receiving an 'outstanding' inspection rating.
Just a short stroll from Informer House is Bushy Park, with over 1,000 acres it is the second largest of London's eight Royal parks, and is famed for its waterways, gardens and roaming deer. The park is also the gateway to the magnificent Hampton Court Palace.
Eligibility
Shared Ownership is designed to help first-time buyers and those who do not currently own a home get onto the property ladder.
To be eligible, you must:
- Have a household income of under £90,000
- Be unable to purchase a suitable home on the open market
- Have a good credit history and be able to obtain a mortgage
Shared Ownership is a government-backed scheme that helps people get on the property ladder. You start by buying just a share of your home. You'll typically only need a 5% deposit of the share you purchase, making it more affordable to get started. Buying a smaller share also means it can be easier to secure a mortgage and take your first step onto the property ladder.
You can buy more shares of your home at any time in the future, working towards owning your home outright.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
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