Shared Ownership in London, London 1 bedroom Flat

  • £430,000

    Equity share: 50% / £215,000

Dwyer House
For Sale Shared Ownership

Shared Ownership in London, London 1 bedroom Flat

Dwyer House
  • £430,000

    Equity share: 50% / £215,000

Property Overview

  • Flat
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom

Property Description

We are pleased to bring to the market this 1 bedroom Flat Shared Ownership. It is situated in London, London and is available now.

This superb modern home is available to buy from as little as £215,000 with a 50% share!

A stunning one-bedroom flat located on the third floor in the vibrant area of Fulham. This modern and spacious flat is being offered for sale with no onward chain and offers a comfortable living space with the added benefit of a south-west facing balcony and allocated underground parking.

Fulham is a highly sought-after area known for its charm and excellent amenities. With its convenient location, residents can easily access various public transport links, making it effortless to explore different areas of the city. The nearby bus and tube stations provide quick and convenient connections to popular destinations.

PRICING & AFFORDABILITY

Approximate Size: 584 sq ft

Full Market Value: £430,000

50% Share Price: £215,000 (rent £464pcm)
Minimum 5% Mortgage Deposit (50% share): £10,750
Approximate Service Charges: £202pcm*
Shared Ownership Lease: approx. 108 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 £430,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property Address

Open on Google Maps
  • Address Dwyer House
  • City London
  • County London
  • Postal Code SW6 2NZ

Details

Updated on April 11, 2024 at 2:33 pm
  • Property ID: MS-124095
  • Rental Amount Per Month: £464/Month
  • Bedroom: 1
  • Bathroom: 1
  • Property Type: Flat
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 200
  • Value Of The Equity Share: 50% / £215,000
  • Overall Property Value: £430,000
  • Tenure: Leasehold
  • Council Tax Band: C
  • Length of Lease: 108

Contact SOWN about: Shared Ownership in London, London 1 bedroom Flat

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