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16 Lordsgrove Close

Shared ownership

Lordsgrove Close, Reigate, KT20 5NN

For sale
Photo of 16 Lordsgrove Close
Photo of 16 Lordsgrove Close
Photo of 16 Lordsgrove Close
Photo of 16 Lordsgrove Close
Photo of 16 Lordsgrove Close
Photo of 16 Lordsgrove Close
Photo of 16 Lordsgrove Close
Photo of 16 Lordsgrove Close
Photo of 16 Lordsgrove Close
Photo of 16 Lordsgrove Close
Photo of 16 Lordsgrove Close
Live from space album cover

2 bedroom flat

Priced at £86,000 for a 40% share
Full market value of £215,000
Current rent payable £250.43 pcm
Service charges are currently £113.26 pcm
Subject to annual reviews.

Features:
Permit parking for 1 car, and visitor permits available
Fitted Kitchen
Fitted wardrobes in bedrooms 1&2
Electric Heating throughout and electric fireplace in lounge
Double sized sliding doors onto small patio area at front
Communal Garden at rear of property

Accommodation:
Master Bedroom
2nd Bedroom
Kitchen / Dinning Area
Lounge
Bathroom
2x Storage Cupboards

Viewings are by appointment only. Please can you ensure that you submit your interest through the Share to Buy Website and we …

Features

Off street parking

Bedrooms2
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£86,000

with min. deposit

£4,300

40% Share from
£86,000
Full market price
£215,000
Minimum deposit
£4,300
Monthly rent
£250
Monthly service charge
£113.26
Optivo (Resales)

Optivo (Resales)

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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