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Caspian Way

Shared ownership

Caspian Way, Purfleet, RM19 1LB

Sale under offer
Shared ownership
Photo of Caspian Way
Live from space album cover

from

£90,000

with min. deposit

£4,500

40% Share from
£90,000
Full market price
£225,000
Minimum deposit
£4,500
Monthly rent
£354
Monthly service charge
£124.91
Annual ground rent
£0
Reservation free
£300
Administration free
£0

2 bedroom house

We are delighted to offer this 2-bedroom flat situated in this large, modern development, located in Purfleet. The property has great transport links, with great access to the A13, M25 and the Southend to London Fenchurch Street C2C Line. It also is within easy reach of Purfleet Primary School and Lakeside Shopping Centre.

Built Circa 2003, the property sits on the ground floor and benefits from two bedrooms, allocated parking, a spacious lounge/dinner and well-equipped kitchen. The lease length is approximately 107 Years

Features

Allocated parking

Bedrooms2
Bathrooms1
Reception rooms1
Floor area57.5
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years107
EER Current78
EER Potential78
EIR Current82
EIR Potential82

from

£90,000

with min. deposit

£4,500

40% Share from
£90,000
Full market price
£225,000
Minimum deposit
£4,500
Monthly rent
£354
Monthly service charge
£124.91
Annual ground rent
£0
Reservation free
£300
Administration free
£0
Southern Housing

Southern Housing

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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