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Cordage Works E17

Shared ownership

Sutherland Rd, London, E17 6BJ

For sale
Shared ownership
Photo of Cordage Works E17
Live from space album cover

from

£123,750

with min. deposit

£6,188

25% Share from
£123,750
Full market price
£495,000
Minimum deposit
£6,188
Monthly rent
£851
Monthly service charge
£177

2 bedroom flat

A spacious two-bedroom 867 sq ft ground floor apartment with an open-plan kitchen/living/dining room, master bedroom with fitted wardrobes, a second double bedroom and contemporary bathroom. There is a generous south-facing terrace with direct access to the residents' garden.

SHARED OWNERSHIP
• £123,750 (25% minimum share)
• £851 Monthly rent
• £177 Monthly service charge*
• Lease Term: 250 Years
• £495,000 (Full market value)

The kitchen is equipped with a full suite of integrated appliances including a multi-function oven, microwave oven, fridge/freezer and dishwasher. A freestanding washer/dryer is stored within a separate utility cupboard.

Compl…

Features

Central heating

Double Glazing

Lift access

Communal Garden

Terrace

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statuspart-furnished
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years250

from

£123,750

with min. deposit

£6,188

25% Share from
£123,750
Full market price
£495,000
Minimum deposit
£6,188
Monthly rent
£851
Monthly service charge
£177
SO Sales

SO Sales

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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