Shared Ownership

This superb modern home is available to buy from as little as £198,000 with a 40% share!

Presenting a beautifully designed two-bedroom apartment on Cavendish Road, ideally situated in the heart of Colliers Wood. This modern apartment offers a spacious open-plan kitchen and reception area, creating the perfect space for entertaining or relaxing. The property features two well-proportioned double bedrooms, with the main bedroom benefiting from a private en-suite for added convenience, while the sleek main bathroom is fitted with contemporary fixtures and full height tiling.

A standout feature of this home is the winter garden, offering a versatile indoor-outdoor space for year-round enjoyment. Located on the second floor, the flat benefits from abundant natural light and a sense of privacy.

Situated in the vibrant and highly sought-after area of Colliers Wood, this flat provides the best of both urban convenience and suburban charm. Just a short stroll away, you’ll find an array of local amenities, including trendy cafes, popular restaurants, and shopping options like the Tandem Centre. Colliers Wood Underground Station offers seamless connections to central London and beyond.

Nearby green spaces, such as Wandle Park and Morden Hall Park, provide a serene escape, perfect for weekend relaxation or outdoor activities.

With its prime location, thoughtful layout, and stylish finishes, this property is a fantastic opportunity for first-time buyers, professionals, or investors seeking a well-connected yet peaceful lifestyle in SW19.

PRICING & AFFORDABILITY

Full Market Value: £495,000

40% Share Price: £198,000 (rent £488.50pcm)
Minimum 5% Mortgage Deposit (% share): £9,900
Approximate Service Charges: £441.94pcm*
Shared Ownership Lease: approx. 118 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 £495,000 and a purchaser would not need to meet the eligibility criteria listed above.