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315 High Street 17111022

Shared ownership

315 High Street, Orpington, BR6 0NN

For sale
Shared ownership
Photo of 315 High Street 17111022
Live from space album cover

from

£68,750

with min. deposit

£6,875

25% Share from
£68,750
Full market price
£275,000
Minimum deposit
£6,875
Monthly rent
£420
Monthly service charge
£240.46

1 bedroom flat

Sales Information

315 High Street, Orpington, Kent, BR6 0NN

Available through our resale shared ownership scheme, a fourth floor, one-bedroom apartment situated in Orpington High Street.

   

Property description:

The property comprises a communal entrance, open plan kitchen and reception, fitted kitchen with integrated appliances, double bedroom, family bathroom with shower over bath, balcony space, double glazing throughout and generous storage space.

 

Length of Lease: Approx. 117 Years

Council Tax Band: Bromley Council Tax Band - C

Gross Internal Area: 50m2

 

LOCAL AREA INFORMATION

  • Situated in vibrant and convenient area of Orpington in South East …

Features

Balcony

Double Glazing

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area50
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years117

from

£68,750

with min. deposit

£6,875

25% Share from
£68,750
Full market price
£275,000
Minimum deposit
£6,875
Monthly rent
£420
Monthly service charge
£240.46
Hyde New Homes

Hyde New Homes

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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