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£94,500
Modern shared ownership apartment available from just £94,500 for a 30% share!
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.
EWS1 CERTIFICATION IS AVAILABLE FOR THIS BLOCK - B1 RATING- L&Q are working with an independent panel of Fire Engineers to review any L&Q building inspections conducted by Tri Fire. Where the panel is not satisfied with the inspection and certificate awarded, we will instruct a new inspection of the building as soon as possible.
Modern shared ownership apartment available from just £94,500 for a 30% share!
This stylish and contemporary one bedroom apartment is located on Rye Lane in the vibrant heart of Peckham, SE15. Set on the second floor and being offered for sale with immediate vacant possession, the property boasts an open plan kitchen and reception area, a spacious double bedroom, and a private balcony. The apartment benefits from a regranted 990-year lease with peppercorn ground rent, ensuring long term security.
Situated in one of London’s most exciting and rapidly developing areas, this home is perfect for first time buyers or investors looking for a well connected and thriving location. Peckham Rye Station is within walking distance, providing excellent transport links to central London, while an array of trendy cafes, restaurants, and independent shops are right on your doorstep.
This is a rare opportunity to own a stylish home in one of London’s most sought-after neighbourhoods. Book your viewing today!
Full Market Value: £315,000
30% Share Price: £94,500 (rent £505.31 pcm)
Minimum 5% Mortgage Deposit (30% share): £4,725
Approximate Service Charges: £275.98 pcm*
Lease: 990 years
Sown Shared Ownership
