This superb modern home is available to buy from as little as £375,000 with a 75% share!

This bright and spacious apartment is on the third floor of this modern development and benefits from a private south facing balcony. The larger than average accommodation provides two double bedrooms, two bathrooms and an open plan kitchen/living/dining space. This property benefits from allocated parking for one car.

Queen Mary’s Place is a brilliant development of apartments and houses, with a residents’ gym, security, and communal gardens including picturesque grade two listed gardens. This apartment is situated in a great part of Southwest London, set within easy reach of Putney, Wimbledon, Barnes Station and beautiful Richmond Park. The bus links are also very well-connected offering access to Victoria, central London and Southwest London.

PRICING & AFFORDABILITY

Full Market Value: £500,000

75% Share Price: £375,000 (rent £308.72pcm)
Minimum 5% Mortgage Deposit (% share): £18,750
Approximate Service Charges: £319.10pcm*
Shared Ownership Lease: approx. 250 years (extended on completion)
Council Tax Band: E

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 £500,000 and a purchaser would not need to meet the eligibility criteria listed above.