keaze logo

Ernest court

Shared ownership

Bowen Dr, London, SE21 8PL

For sale
Shared ownership
Photo of Ernest court
Live from space album cover

from

£200,000

with min. deposit

£10,000

50% Share from
£200,000
Full market price
£400,000
Minimum deposit
£10,000
Monthly rent
£327
Monthly service charge
£118.03

2 bedroom flat

A two bedroom / one bathroom apartment situated on the first floor and located in modern construction purpose-built block. The property benefits from double glazed windows and allocated parking. The internal accommodation is maintained to a good condition.

The property has the following accommodation:

Entrance hallway -
Bathroom -
Bedroom one - 
Bedroom two -
Reception / kitchen -

Features

On street/resident parking

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area67
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years176

from

£200,000

with min. deposit

£10,000

50% Share from
£200,000
Full market price
£400,000
Minimum deposit
£10,000
Monthly rent
£327
Monthly service charge
£118.03
Optivo (Resales)

Optivo (Resales)

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.

Similar properties

Villa Road - One Bed
Shared ownership

Villa Road - One Bed

Villa Rd, London

1

1

Minimum deposit

£20,000

50% Share from

£200,000

Full price

£400,000

1-12 Cornwallis Road
Shared ownership

1-12 Cornwallis Road

Cornwallis Rd, London

2

2

Minimum deposit

£20,000

50% Share from

£200,000

Full price

£400,000

Antony House - Third Floor
Shared ownership

Antony House - Third Floor

London E5 8GZ, London

1

1

Minimum deposit

£20,000

50% Share from

£200,000

Full price

£400,000