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Flat 5 Cumberland House

Shared ownership

Erebus Drive, Thamesmead, SE28 0GE

For sale
Shared ownership
Photo of Flat 5 Cumberland House
Live from space album cover

from

TBD

with min. deposit

TBD

40% Share from
£92,000
Full market price
£230,000
Minimum deposit
£4,600
Monthly rent
£426.74
Monthly service charge
£242.86

1 bedroom flat

Features

Communal Garden

Patio

Lift access

Underground parking

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floorGround floor
Tenureleasehold
EER Current80
EER Potential81

from

TBD

with min. deposit

TBD

40% Share from
£92,000
Full market price
£230,000
Minimum deposit
£4,600
Monthly rent
£426.74
Monthly service charge
£242.86
Moat Homes

Moat Homes

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

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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