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Charlotte House, 303 High Street, SM1 1AJ

Shared ownership

Charlotte House, 303 High Street, SM1 1AJ, Sutton, SM1 1AJ

For sale
Shared ownership
Photo of Charlotte House, 303 High Street, SM1 1AJ
Live from space album cover

from

£126,000

with min. deposit

£6,300

30% Share from
£126,000
Full market price
£420,000
Minimum deposit
£6,300
Monthly rent
£660
Monthly service charge
£149.75

2 bedroom flat

Our favourite features of the development are the roof top gardens available to all residents and the private balconies accessible via the living rooms, allowing maximum natural light to embrace the property. The units also provide you with excellent storage space in the hallways, and modern bathrooms

The current market value is £420,000 for 100%. The minimum 30% share available is priced at £126,000 current rent payable £660.58 pcm, rent is subject to annual reviews. Service charges are currently £149.75 pcm.

April 2020 Rent: £679.74 pcm

April 2020 service charge: £149.75 pcm

 

Viewings by appointment only. Please contact the vendor to …

Features

Bedrooms2
Bathrooms2
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£126,000

with min. deposit

£6,300

30% Share from
£126,000
Full market price
£420,000
Minimum deposit
£6,300
Monthly rent
£660
Monthly service charge
£149.75
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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