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1 Concorde Way

Shared ownership

Concorde Way, London, SE16 2PY

For sale
Shared ownership
Photo of 1 Concorde Way
Live from space album cover

from

£152,000

with min. deposit

£15,200

40% Share from
£152,000
Full market price
£380,000
Minimum deposit
£15,200
Monthly rent
£474
Monthly service charge
£226.04
Reservation free
£500

1 bedroom flat

SHARED OWNERSHIP

Full Market Value:  £380,000

Share Value (40%):  £152,000

Monthly Rent:         £474.21

Service Charge:      £226.04 (including water charges)

Council Tax Band: B 

174 year lease commenced November 2018 - 171 years remaining

EWS1 - EWS1 Certification is available for this property. 

Within a short walk is Surrey Quays shopping centre, which has a large Tesco superstore, as well as various
useful day to day stores such as Boots, Superdrug and Starbucks. Surrey Docks Fitness and Water Sports
Centre, Southwark Park, Deptford Park and Rotherhithe Ecological Park providing hours of fun for all the
family in less than 10 mins from home. …

Features

Balcony

Bedrooms1
Bathrooms1
Reception rooms1
Floor area51
Number of floors1
Entrance floor7th floor
Tenureleasehold
Lease years170
EER Current75
EER Potential75
EIR Current78
EIR Potential78

from

£152,000

with min. deposit

£15,200

40% Share from
£152,000
Full market price
£380,000
Minimum deposit
£15,200
Monthly rent
£474
Monthly service charge
£226.04
Reservation free
£500
L&Q

L&Q

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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