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24 Deering House

Shared ownership

Ottley Drive, London, SE3 9FF

For sale
Shared ownership
Photo of 24 Deering House
Live from space album cover

from

£130,000

with min. deposit

£6,500

40% Share from
£130,000
Full market price
£325,000
Minimum deposit
£6,500
Monthly rent
£185
Monthly service charge
£124.62
Reservation free
£250

1 bedroom flat

Priced at £130,000 for a 40% share

Full market value of £325,000

Current rent payable £185.09 pcm

Service charges are currently £124.62 pcm

Subject to annual reviews

Description

Very bright and spacious one bedroom flat located within a desirable location in Kidbrooke Village. Enclosed private parking and bicycles space available within the apartments block that also offers a communal garden.

Local amenities are only a stroll away, such as a pharmacy, a doctor surgery, a large Aldi, a local Sainsbury's and Young's pub. Kidbrooke train station is only 5 minutes walk with great connections to central London: London Bridge (15 minutes), London …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£130,000

with min. deposit

£6,500

40% Share from
£130,000
Full market price
£325,000
Minimum deposit
£6,500
Monthly rent
£185
Monthly service charge
£124.62
Reservation free
£250
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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