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Cherrywood Lodge - Lewisham

Shared ownership

London SE13 6UP, London, SE13 6UP

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

from

£114,000

with min. deposit

£11,400

40% Share from
£114,000
Full market price
£285,000
Minimum deposit
£11,400
Monthly rent
£425
Monthly service charge
£164

1 bedroom flat

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

Cherrywood Lodge is a one-bedroom, purpose built second floor apartment with a Juliet balcony. Located in a five storey building, built around 2003, the lease remaining on the property is 106 years.

The development benefits from a Tesco Express 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 Lewisham offers a good range of amenities including a regular rail service to …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floor2nd floor
Tenureleasehold

from

£114,000

with min. deposit

£11,400

40% Share from
£114,000
Full market price
£285,000
Minimum deposit
£11,400
Monthly rent
£425
Monthly service charge
£164
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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