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FLAT 222 East Carriage House, Duke of Wellington Avenue, London, SE18 6GP

Shared ownership

Duke of Wellington Avenue, London, SE18 6GP

Sale under offer
Shared ownership
Photo of FLAT 222 East Carriage House, Duke of Wellington Avenue, London, SE18 6GP
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from

£75,000

with min. deposit

£3,750

25% Share from
£75,000
Full market price
£300,000
Minimum deposit
£3,750
Monthly rent
£540
Monthly service charge
£191.72

1 bedroom flat

The development comprises residential, commercial and leisure outlets, which together, make up what has become a new village community. There are easy to reach shops and a day care just round the corner from the building.

This property is finished to the highest quality standard specification. It is a great size and benefits from a large balcony and big windows to let lots of natural light in the living area and bedroom. The large open planned reception room and kitchen is finished to a modern standard and has been very well kept. The double bedroom has plenty of space and the property is completed with a modern fitted bathroom. This …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area44.5
Number of floors1
Entrance floor2nd floor
Tenureleasehold
Lease years114
EER Current88
EER Potential88
EIR Current95
EIR Potential95

from

£75,000

with min. deposit

£3,750

25% Share from
£75,000
Full market price
£300,000
Minimum deposit
£3,750
Monthly rent
£540
Monthly service charge
£191.72
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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