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Walker house

Shared ownership

Odessa House, London, se16 7hd

For sale
Shared ownership
Photo of Walker house
Live from space album cover

from

£157,500

with min. deposit

£7,875

45% Share from
£157,500
Full market price
£350,000
Minimum deposit
£7,875
Monthly rent
£585
Monthly service charge
£162.9
Reservation free
£250

2 bedroom flat

Located in the heart of Canary Wharf area, this property is perfect for commuters & those who adore living by the world-famous River Thames.

Apartments in this well maintained building sell very quickly, so viewing Asap is strongly advised.

Accommodation:

Entrance hallway

Kitchen

Lounge

Bedroom 1

Bedroom 2

Bathroom W/C

 

Viewings by appointment only.

Features

Communal Garden

On street/resident parking

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area55
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years67
EER Current81

from

£157,500

with min. deposit

£7,875

45% Share from
£157,500
Full market price
£350,000
Minimum deposit
£7,875
Monthly rent
£585
Monthly service charge
£162.9
Reservation free
£250
Optivo (Resales)

Optivo (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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