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East Carriage House

Shared ownership

Duke of Wellington Ave, London, SE18 6GP

Sale under offer
Shared ownership
Photo of East Carriage House
Live from space album cover

from

£102,500

with min. deposit

£10,250

25% Share from
£102,500
Full market price
£410,000
Minimum deposit
£10,250
Monthly rent
£768
Monthly service charge
£256.32

2 bedroom flat

This flat is found on the third floor. The property comprised on an open planed living and dining area that opens out onto a huge balcony that wraps around the apartment giving you views from all angles. The master bedroom is an amazing size that has plenty of room for storage. The second bedroom is also a good size. There is a modern bathroom with a bath and shower. The kitchen comes with integrated appliances and modern finishes.

 

The property would be perfect for first time buyers who would find East Carriage House an excellent place to live. There are easy to reach shops and a day care just around the corner from the building. Just a 5 …

Features

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area68.3
Number of floors1
Entrance floor3rd floor
Tenureleasehold
Lease years119
EER Current86
EER Potential86
EIR Current94
EIR Potential94

from

£102,500

with min. deposit

£10,250

25% Share from
£102,500
Full market price
£410,000
Minimum deposit
£10,250
Monthly rent
£768
Monthly service charge
£256.32
Complete Moves

Complete Moves

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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