24 Deering House
Ottley Drive, London, SE3 9FF
with min. deposit
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
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 …
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with min. deposit
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