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Flat 17 Building 22

Shared ownership

Cadogan Road, London, SE18 6YS

For sale
Shared ownership
Photo of Flat 17 Building 22
Live from space album cover

from

£94,500

with min. deposit

£4,725

30% Share from
£94,500
Full market price
£315,000
Minimum deposit
£4,725
Monthly rent
£514
Monthly service charge
£77
Annual ground rent
£0
Reservation free
£300
Administration free
£0

1 bedroom flat

The Royal Arsenal is a former munitions factory & storage facility with a history dating back to 1671, that is being tastefully transformed to provide a blend of converted & new build residential properties, together with a central open space, bars, restaurants and an hotel. The development is located in one of South East London's up and coming areas, positioned within close proximity of the shopping amenities of Marks & Spencer's and Tesco Local supermarkets, several gastro pub/bars and restaurants, farmers market and medical centre. For the busy commuter, you are spoilt with the fantastic transport facilities of Woolwich Arsenal which has …

Features

Central heating

Double Glazing

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area450
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years110
EER Current78
EER Potential78
EIR Current80
EIR Potential80

from

£94,500

with min. deposit

£4,725

30% Share from
£94,500
Full market price
£315,000
Minimum deposit
£4,725
Monthly rent
£514
Monthly service charge
£77
Annual ground rent
£0
Reservation free
£300
Administration free
£0
Southern Home Ownership

Southern Home Ownership

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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