112 Reaston Street
112 Reaston Street, Lewisham
Shared ownership
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• Situated in a convenient and vibrant area of New Cross, South East London • Within walking distance to New Cross retail park which offers a wider variety of shops, restaurants and other am...

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from £155,000 with min. deposit £15,500

Property description:

The property comprises; a secure communal entrance, private entrance hallway with phone entry system, light an airy open plan living/dining room with floor to ceiling windows and juliette balcony, fitted kitchen with inbuilt oven and hob, master bedroom and a family bathroom with shower over bath. The property also benefits from residential parking and a bike shed.

Length of Lease: Approx: 116 Years

Gross Internal Area: 53m2

 Financial Information:

 Full Market Value: £310,000

 50% Share: £155,000

 Deposit: £15,500

 Monthly Rent: £258.54

 Monthly service Charge: £88.54

 Household Income: £40,000

 Mortgage: £775.00*



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.
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.
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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