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549 Lordship Lane

Shared ownership

549 Lordship Lane, Southwark, SE22 8LB

For sale
Shared ownership
Photo of 549 Lordship Lane
Live from space album cover

from

£194,000

with min. deposit

£19,400

40% Share from
£194,000
Full market price
£485,000
Minimum deposit
£19,400
Monthly rent
£507
Monthly service charge
£190.31

2 bedroom flat

A great chance to buy into this Grade 2 listed building!

 This first floor property is one of five flats within a converted detached building.  Originally a family dwelling house constructed in 1873 by Charles Drake who at the time was pioneering a form of concrete construction leading to this building to become Grade 2 listed.

 A two bedroom apartment located in Dulwich, renovated to a high standard and modernised with completion in 2013 whist maintaining the character of the original design.

Property Details

 Bedroom 1 - 4.9m x 3.17m
Bedroom 2 - 2.02m x 3.05m
Bathroom - 1.57m x 2.62m
Living room - 4.86 reducing to 2.8m x 3.53m
Separate Kitchen - …

Features

Off street parking

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£194,000

with min. deposit

£19,400

40% Share from
£194,000
Full market price
£485,000
Minimum deposit
£19,400
Monthly rent
£507
Monthly service charge
£190.31
Hexagon

Hexagon

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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