Shared Ownership

This superb modern home is available to buy from as little as £292,500 with a 50% share!

A bright and spacious two bedroom ground floor property with the unique benefit of its own front door. This beautiful apartment provides well planned accommodation comprising two double bedrooms, two bathrooms and a stunning 23ft open plan kitchen/living/dining space. There is a fabulous 25ft private terrace and secure underground parking for one car.

Fairbourne Road enjoys an enviable position in Clapham, a vibrant and sought-after neighborhood. Just moments away, you’ll find the lively Clapham High Street with its array of independent cafes, trendy restaurants, and boutique shops. For outdoor enthusiasts, the iconic Clapham Common is within easy walking distance, providing a vast green space ideal for picnics, jogging, or leisurely strolls. Excellent transport links, including nearby Clapham North Underground and Clapham High Street Overground stations, ensure effortless connectivity to central London and beyond.

PRICING & AFFORDABILITY

Full Market Value: £585,000

50% Share Price: £292,500 (rent £838pcm)
Minimum 5% Mortgage Deposit (50% share): £14,625
Approximate Service Charges: £142pcm*
Shared Ownership Lease: approx. 126 years
Council Tax Band: D

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 £600,000 and a purchaser would not need to meet the eligibility criteria listed above.