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Gallagher House

Shared ownership

London E9 6SY, London, E9 6SY

For sale
Shared ownership
Photo of Gallagher House
Live from space album cover

from

£115,500

with min. deposit

£1,155

30% Share from
£115,500
Full market price
£385,000
Minimum deposit
£1,155
Monthly rent
£463
Monthly service charge
£9.72

1 bedroom flat

Overview:

A fantastic opportunity to purchase this well looked after and spacious one bedroom garden flat. The property is on a quiet road, conveniently located moments from Well Street.  It features a spacious, open plan kitchen, dining and living area, and large bedroom, both of which lead onto a private, terrace-style garden, with views of a neighbouring communal garden.

Features:

  • Own front door from the street
  • Wider, accessible doorways throughout
  • Large bedroom
  • Spacious, open plan kitchen, dining and living area
  • Kitchen with full-size dishwasher, new solid beech worktops and metro tiling
  • Spacious tiled bathroom with bath and overhead shower, …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors3
Entrance floorGround floor
Tenureleasehold

from

£115,500

with min. deposit

£1,155

30% Share from
£115,500
Full market price
£385,000
Minimum deposit
£1,155
Monthly rent
£463
Monthly service charge
£9.72
Sanctuary Resales

Sanctuary Resales

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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