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Besson Street (713110222)

Shared ownership

Besson Street, London, SE14 5AE

For sale
Shared ownership
Photo of Besson Street (713110222)
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from

£165,000

with min. deposit

£16,500

50% Share from
£165,000
Full market price
£330,000
Minimum deposit
£16,500
Monthly rent
£269
Monthly service charge
£249.19
Annual ground rent
£0
Reservation free
£0

1 bedroom flat

13 Besson Street, New Cross, London, SE14 5AE 

Available through our resale shared ownership scheme, a one-bedroom, second-floor Apartment, situated in a popular sought-after area of New Cross, London

   

Property description:

This top floor, one-bedroom apartment comprises a communal entrance with phone entry system, lift access, modern fitted kitchen with inbuilt oven and hob, reception area with south facing Juliette balcony, master bedroom with built in wardrobe, bathroom with shower over bath, large storage cupboards in hallway and loft space. 

 

The property also benefits from access to well-maintained communal gardens.

 

Length of Lease:

Features

Communal Garden

Double Glazing

Lift access

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area59
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years108
EER Current81
EER Potential81

from

£165,000

with min. deposit

£16,500

50% Share from
£165,000
Full market price
£330,000
Minimum deposit
£16,500
Monthly rent
£269
Monthly service charge
£249.19
Annual ground rent
£0
Reservation free
£0
Hyde New Homes

Hyde New Homes

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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