Cedar House1

Cedar House1

Cedar House, Melliss Avenue, Richmond upon Thames, TW9 4BG

For sale
Shared ownership
Live from space album cover

Overview

Full Description One bedroom flat available through our Shared Ownership SchemeAvailable for £94,500 for 30% share based on a market value of £315,000 SO Resi Monthly Payment - £608.38Monthly Service Charge - £130.85Total Monthly Charge - £739.23 PLUS MORTGAGE REQUIRED FOR 30% SHARE A well presented one bedroom flat in good condition. The accommodation comprises of private entrance hall, kitchen, reception room, bedroom and bathroom with wc. Outside there are well-kept communal grounds and areas, including bin and bike stores. Please note that applicants that live/ work in the local authority ...

Features

Bedrooms1
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

Register interest

from £94,500

with min. deposit £4,725

30% Share from
£94,500
Full market price
£315,000
Minimum deposit
£4,725
Monthly rent
TBD
Monthly service charge
£130.85
Annual ground rent
TBD
Reservation free
TBD
Administration free
TBD

SO Resi

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.

Similar properties

Cedar House
Shared ownership
Cedar House, Melliss Avenue, London
1
1
Minimum deposit£4,725
30% Share from£94,500
Full price£315,000
Cedar Avenue
Shared ownership
Meliss Avenue, Richmond
1
1
Minimum deposit£6,200
40% Share from£124,000
Full price£310,000
Cedar House
Shared ownership
Melliss Avenue, Richmond upon Thames
1
1
Minimum depositTBD
45% Share from£146,250
Full price£325,000