Reed House
Durnsford Road, London
Shared ownership
Live from space album cover

-...

Register interest

from £101,250 with min. deposit £5,063
Overview

Key Features

Two bedroom fifth floor flat
Good condition
Contemporary design
Central heating and hot water
Allocated parking space
Close to local amenities in central London


Full Description

A two bedroom fifth floor flat located in London available through Shared Ownership Scheme.
Available for £101,250 for 25% share based on the marketing figure of £405,000.

SO Resi Monthly Payment - £519.73
Monthly Service Charge - £118.53
Total Monthly Charge - £638.26 PLUS MORTGAGE REQUIRED FOR 25% SHARE
Minimum required Income- £36,311

The property is a fifth floor purpose built flat benefiting from views over development plaza and neighbouring urban townscape. The flat consists of two spacious bedrooms, living room with open plan fitted kitchen with built in electric appliances and access to private balcony, bathroom with WC and extra selves in the hallway cupboard. Externally the property provides allocated parking space, secure bike storage and well-maintained communal gardens.

You can buy more shares for minimum of 10%

Ground Floor

Communal entrance lobby with staircase and lift

Fifth Floor

Private entrance hall
Storage cupboard

Bathroom with WC


Bedroom 1
5.33 x 2.51

Bedroom 2
2.55 x4.04

Living room with open plan kitchen
Living area:5.31 x 2.58.
Kitchen area: 2.59 x 1.75.

Outside

Private balcony off living room
Communal areas
Allocated parking

EPC Rating

Energy Rating Band - C
Environmental Impact Band - C

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.

FAQ’s
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.
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.
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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Full price

sold

£405,000
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