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£180,000
This modern home is available to buy from as little as £180,000 with a 50% 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.
** This home can also be purchased outright (100% of the value) which is £360,000 and a purchaser would not need to meet the eligibility criteria listed above.
Shared Ownership
This modern home is available to buy from as little as £180,000 with a 50% share!
A 2nd floor apartment situated within the sought-after Maud Chadburn Place development in the heart of Clapham South. The property features a spacious open-plan kitchen/reception room ideal for modern living and entertaining, a generous double bedroom, contemporary bathroom suite and useful built-in storage. The apartment also benefits from allocated underground parking.
Ideally positioned in vibrant SW4, residents benefit from an outstanding selection of local amenities right on the doorstep. Clapham High Street, Brixton and Abbeville Village are all within easy reach, offering an eclectic mix of cafés, restaurants, bars, boutique shops and supermarkets. Nearby green spaces including Clapham Common provide the perfect setting for leisure, exercise and weekend relaxation, while the area’s lively social scene makes it one of South West London’s most desirable locations.
The property is exceptionally well connected for commuters, with Clapham South Underground Station (Northern Line), Stockwell Station (Victoria & Northern Lines) and Clapham High Street Overground all nearby, providing swift access into Central London, The City and Canary Wharf. Numerous bus routes also serve the area.
PRICING & AFFORDABILITY
Full Market Value: £360,000
50% Share Price: £180,000 (rent £557.79pcm)
Minimum 5% Mortgage Deposit (50% share): £9,000
Approximate Service Charges: £261.55pcm*
Lease: 107 years remaining
Council Tax Band: C
Sown Shared Ownership
