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Caspian Way, Purfleet, Essex, RM19 1LA

Shared ownership

Caspian Way, Purfleet, RM19 1LA

Sale under offer
Shared ownership
Photo of Caspian Way, Purfleet, Essex, RM19 1LA
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from

£84,000

with min. deposit

£8,400

40% Share from
£84,000
Full market price
£210,000
Minimum deposit
£8,400
Monthly rent
£334
Monthly service charge
£124.35

2 bedroom flat

This new property to hit the market is the perfect home for a first time buyer. The flat has two great sized bedrooms that have plenty of room for double beds. The kitchen is separate to the living area and is equipped with modern appliances. The living area is a huge space that is perfect for entertaining guests and has enough room for a dining area. There is a family bathroom that has a nice modern finish.The building at Caspian Way is well kept and the leaseholder benefits from having your own parking space.

 

Caspian Way is tucked away in a peaceful cul-de-sac but is close to many amenities. Just a 9 minute walk from the property and you …

Features

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floor3rd floor
Tenureleasehold
Lease years107

from

£84,000

with min. deposit

£8,400

40% Share from
£84,000
Full market price
£210,000
Minimum deposit
£8,400
Monthly rent
£334
Monthly service charge
£124.35
Complete Moves

Complete Moves

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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