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6 Riverlight Quay

Shared ownership

Riverlight Quay, London, SW11 8EB

For sale
Shared ownership
Photo of 6 Riverlight Quay
Live from space album cover

from

£476,250

with min. deposit

£23,813

75% Share from
£476,250
Full market price
£635,000
Minimum deposit
£23,813
Monthly rent
£32
Monthly service charge
£184.56
Reservation free
£250

1 bedroom flat

Optivo are delighted to offer for sale this well-presented 1 Bedroom 4th Floor Flat in the popular Riverlight Quay development.

The current market value is £635,000 for 100%. The minimum 80% share available is priced at £480,000, current rent payable £34.51 pcm, rent is subject to annual reviews. Service charges are currently £271.76 pcm.

Lease Term: 115 Years

Accommodation:

Well presented one bedroom property, with larger than most bedroom with plenty of space for super king size bed and triple size wardrobe, in addition to chest of drawers and bedside cabinets. Open plan modern kitchen and living room with dining area, and winter garden …

Features

Balcony

Communal Garden

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area54
Number of floors1
Entrance floor4th floor
Tenureleasehold
Lease years115

from

£476,250

with min. deposit

£23,813

75% Share from
£476,250
Full market price
£635,000
Minimum deposit
£23,813
Monthly rent
£32
Monthly service charge
£184.56
Reservation free
£250
Optivo (Resales)

Optivo (Resales)

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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