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325 Maybrey Works

Shared ownership

7 Delta Court, Lower Sydenham, SE26 5FL

For salenew home
Shared ownership
Plot  gallery image
Live from space album cover

from

£115,000

with min. deposit

£5,750

25% Share from
£115,000
Full market price
£460,000
Minimum deposit
£5,750
Monthly rent
£791
Monthly service charge
£85

2 bedroom flat

Brand new 2-bedroom Apartment in the Maybrey Works development, available through shared ownership in Sydenham. The price represents purchasing a 25% share of the property


ELIGIBILITY CRITERIA:

 

Applicants must reside in London

 

Income caps apply – Maximum household income must not exceed £38,500 for 1 bedroom properties, £50,500 for 2 bedroom properties and £62,500 for 3 bedroom properties.


About the Development

Maybrey Works is a development of new homes in Sydenham, South London, close to local amenities and situated just a short walk from the nearest train station for travel to central London and the City.

Many apartments have balconies and …

Features

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Tenureleasehold

from

£115,000

with min. deposit

£5,750

25% Share from
£115,000
Full market price
£460,000
Minimum deposit
£5,750
Monthly rent
£791
Monthly service charge
£85
Sage Housing

Sage Housing

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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