Shared ownership at 4 Sutton Park Road, Sutton, SM1 2GB

4 Sutton Park Road

Sutton Park Road, Sutton, SM1 2GB

For salenew home
Shared ownership
Live from space album cover

from

£300,000

1 bedroom

Register interest

from £165,000

with min. deposit £8,250

£165,000

1 bedroom Flat

Availability

For sale

Minimum share

55%

Full market price

£300,000

Deposit from

£8,250

Monthly service charge

£111.92

Bedrooms

1

Bathrooms

1

Reception rooms

1

Number of floors

1

Entrance floor

5th floor

Tenure

leasehold

Overview

Priced at £165,000 for a 55% shareFull market value of £300,000Current rent payable £233.42 pcmService charges are currently £111.92 pcmSubject to annual reviews. Viewings are by appointment only. Please can you ensure that you submit your interest through the Property Booking Website and we will contact you with all the relevant information to arrange that viewing. If you would like to apply for this property after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to resales@optivo.org.uk All completed application fo...

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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