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Cherrywood Lodge - Ground floor

Shared ownership

London SE13 6UP, London, SE13 6UP

For sale
Shared ownership
Photo of Cherrywood Lodge - Ground floor
Live from space album cover

from

£142,000

with min. deposit

£14,200

40% Share from
£142,000
Full market price
£355,000
Minimum deposit
£14,200
Monthly rent
£606
Monthly service charge
£183

2 bedroom flat

Once you have registered your interest, you will receive an email to book your viewing.

Cherrywood Lodge is a two-bedroom, purpose built ground floor flat with a double terrace, ensuite bathroom and shared permit parking. Located in a five storey building, built around 2007, the lease remaining on the property is 106 years.

The development benefits from a Tesco Express, Anytime Fitness 24-hour gym and communal garden. There are good transport links with Hither Green station 0.5 miles away, served by National Rail, and linking to London Bridge in 11 minutes. Local amenities are located 0.2 miles away along Hither Green Lane, and nearby …

Features

Bedrooms2
Bathrooms2
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£142,000

with min. deposit

£14,200

40% Share from
£142,000
Full market price
£355,000
Minimum deposit
£14,200
Monthly rent
£606
Monthly service charge
£183
Peabody

Peabody

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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