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FLAT 225 Caspian Way, Purfleet, RM19 1LB

Shared ownership

Caspian Way, Purfleet, RM19 1LB

Sale under offer
Shared ownership
Photo of FLAT 225 Caspian Way, Purfleet, RM19 1LB
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from

£96,000

with min. deposit

£4,800

40% Share from
£96,000
Full market price
£240,000
Minimum deposit
£4,800
Monthly rent
£364

2 bedroom flat

******PROPERTY IS UNDER OFFER ******

 

This attractive and generously proportioned two bedroom first floor apartment situated within a short walking distance to Purfleet C2C station. This Property boasts an entrance hall, two double bedrooms, spacious living area, modern kitchen with integrated oven and hob, family bathroom and allocated parking. Available now.

Local Authority: Thurrock Council

Property Value: £240,000

Minimum Share %: 40%

Share Value £: £96,000

Monthly Rent: £364.93

Monthly Service Charge: £139.03

Lease term remaining: 107 Years

 

Features

On street/resident parking

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area67.4
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years107

from

£96,000

with min. deposit

£4,800

40% Share from
£96,000
Full market price
£240,000
Minimum deposit
£4,800
Monthly rent
£364
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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