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82 Elder Road

Shared ownership

Elder Rd, London, se27 9bb

For salenew home
Shared ownership
Photo of 82 Elder Road
Live from space album cover

from

£109,500

with min. deposit

£5,475

30% Share from
£109,500
Full market price
£365,000
Minimum deposit
£5,475
Monthly rent
£468
Monthly service charge
£425.6
Reservation free
£250

2 bedroom flat

Fantastic 2-bed apartment located on the 1st floor, of a modern within a 5-story building.

This modern-built apartment benefits from an open plan kitchen, and large reception room with an attached balcony providing beautiful views of Norwood park.

Each large, well-lit room benefits from modern interiors & built-in storage.

There is an allocated parking as well as accessible transport links 

This building has also recently installed a new fire system.

Viewings by appointment only. Please note Social Distancing measures need to be followed.

 

Application forms need to be returned to Optivo by 20th October 2022

 Please note though that if a high …

Features

Allocated parking

Balcony

Lift access

Terrace

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area65
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years86

from

£109,500

with min. deposit

£5,475

30% Share from
£109,500
Full market price
£365,000
Minimum deposit
£5,475
Monthly rent
£468
Monthly service charge
£425.6
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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