Cherrywood Lodge
Lewisham, SE13 6UP
from
£90,000
1 bedroom
from
£90,000
with min. deposit
£9,000
£90,000 1 bedroom flat | £90,000 1 bedroom flat | |
Availability | For sale | For sale |
| Minimum share | 30% | 30% |
| Full market price | £300,000 | £300,000 |
Deposit from | £9,000 | £9,000 |
Monthly rent | £432 | £432 |
Bedrooms | 1 | 1 |
Bathrooms | 1 | 1 |
Reception rooms | 1 | 1 |
Number of floors | 1 | 1 |
Entrance floor | Ground floor | 1st floor |
Tenure | leasehold | leasehold |
Overview
The Cherrywood Lodge property is a purpose built ground floor flat in a four storey building. The development benefits from a Tesco Express, ‘Anytime Fitness’ 24-hour gym and communal garden. The lease remaining on the property is 111 years.
FAQs
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
from
£90,000
with min. deposit
£9,000
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