This superb modern home is available to buy from as little as £139,500 with a 30% share!

A one bedroom apartment located on this fourth floor in the heart of Clapham offered to the market with no onward chain complications. This well presented home offers bright and modern accommodation comprising of an entrance hall, an open plan kitchen/living room with a door opening on to a spacious private balcony, a double bedroom with built in wardrobes and a bathroom. The lease is over 200 years.

Bradley Road sits within a tranquil residential area in Clapham in South London, with several amenities nearby and the underground station just a mile away; there’s also a local bus station on the main road. Central London can be reached in half an hour.

Several schools are in the area, many of which are just a few minutes walk away.

PRICING & AFFORDABILITY

Full Market Value: £465,000

30% Share Price: £139,500 (rent £919.63pcm)
Minimum 5% Mortgage Deposit (30% share): £6,975
Approximate Service Charges: £131.21pcm*
Shared Ownership Lease: approx. 245 years
Council Tax Band: C

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 £465,000 and a purchaser would not need to meet the eligibility criteria listed above.