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Frognal Place 38061022

Shared ownership

Frognal Place, Sidcup, DA14 6LR

For sale
Shared ownership
Photo of Frognal Place 38061022
Live from space album cover

from

£153,000

with min. deposit

£15,300

45% Share from
£153,000
Full market price
£340,000
Minimum deposit
£15,300
Monthly rent
£473
Monthly service charge
£112.92

3 bedroom flat

Sales Information

 

Frognal Place, Sidcup, Kent, DA14 6LR

Available through our resale shared ownership scheme, a second floor, three-bedroom apartment in Sidcup.

   

Property description:

This top floor apartment comprises a communal entrance with entry system, open plan kitchen and reception, private balcony, fitted kitchen with integrated appliances, three bedrooms, master bedroom with ensuite, family bathroom with shower over bath, double glazing throughout, underfloor heating and three storage cupboards. 

 

The property also benefits from access to a communal garden and parking.

 

Eligibility: NHS/Oxleas workers with children or dependants in …

Features

Balcony

Communal Garden

Bedrooms3
Bathrooms2
Reception rooms1
Furniture statusunfurnished
Floor area80
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years994

from

£153,000

with min. deposit

£15,300

45% Share from
£153,000
Full market price
£340,000
Minimum deposit
£15,300
Monthly rent
£473
Monthly service charge
£112.92
Hyde New Homes

Hyde New 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

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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