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The Strata

Shared ownership

Strata Tower 8 Walworth Road , SE1 6EE

For sale
Shared ownership
Living 1.jpg
Live from space album cover

from

£136,500

with min. deposit

£13,650

30% Share from
£136,500
Full market price
£455,000
Minimum deposit
£13,650
Monthly rent
£357
Monthly service charge
£401.37
Reservation free
£0
Administration free
£0

1 bedroom flat

Online viewings available | Once you have registered your interest, you will receive an email to book your viewing.

The Strata property is a one-bed, sixth floor apartment within a 42 storey residential tower built around 2010. The apartment overlooks the newly built Elephant Park. It benefits from communal bike storage and 24hr concierge service. The lease remaining on the property is 112 years.

Located in an established and popular residential area on Walworth Road, the property is in close proximity to many local shops. South of the Thames, all that Southbank has to offer is within easy reach, as well as the world-renowned Borough …

Features

Central heating

Double Glazing

Lift access

Pets allowed

Wheelchair accessible

Communal Garden

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area57.97
Number of floors1
Entrance floor6th floor
Tenurefreehold
EER Current0
EER Potential0

from

£136,500

with min. deposit

£13,650

30% Share from
£136,500
Full market price
£455,000
Minimum deposit
£13,650
Monthly rent
£357
Monthly service charge
£401.37
Reservation free
£0
Administration free
£0
Peabody

Peabody

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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