2 bedroom flat for sale

This modern shared ownership home is available to buy for as little as £341,250 for a 65% share.

Offered to the market stands this beautifully presented 2 bedroom, 2 bathroom apartment in the ever so popular Brickfield Road.

This property benefits from a large entrance hall with ample storage space, separate kitchen, 2 double bedrooms with an en-suite bathroom to the master, separate reception room and family bathroom.

This apartment further benefits from a private balcony with access from the reception room and bedroom, has a lease over 100 years and is available with no onward chain.

PRICING AND AFFORDABILITY:

Full market value: £525,000
65% share value: £341,250
Rent (65% share): £374.31 pcm
Service charge: £151.17 pcm
Lease: Approx. 115 years remaining

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.

* This home can also be purchased outright (100% of the value) which is £525,000 and a purchaser would not need to meet the eligibility criteria listed above.