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Crown House.

Shared ownership

Kenley CR8 5GX, Kenley, cr8 5gx

For sale
Shared ownership
Photo of Crown House.
Live from space album cover

from

£150,000

with min. deposit

£7,500

50% Share from
£150,000
Full market price
£300,000
Minimum deposit
£7,500
Monthly rent
£278
Monthly service charge
£136.73

2 bedroom flat

This spacious ground floor, 2 double bedroom home in Kenley benefits from great transport locations. Only a 10 minute walk from Whyteleafe and Upper Warlingham stations both connecting you to London within 35 minutes. There are 2 conveniently placed bus stops outside giving you access to Caterham, Purley and beyond. 

 

Situated off the main road, the property is just a short walk from a range of parks and green spaces such as the beautiful Riddlesdown Common with a large children's play area, Kenley Common, Whyteleafe recreational park with its own play area  and the historical Kenley aerodrome.

 

The property is in close proximity to …

Features

Terrace

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area67.9
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years85

from

£150,000

with min. deposit

£7,500

50% Share from
£150,000
Full market price
£300,000
Minimum deposit
£7,500
Monthly rent
£278
Monthly service charge
£136.73
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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