Shared Ownership
This superb modern home is available to buy from as little as £112,000 with a 35% share!
An immaculate second floor apartment in the Heart of Sidcup, a short walk from the High Street. This beautiful property provides bright, spacious, well-planned accommodation comprising entrance hall with built in storage, double bedroom with built in wardrobes, modern bathroom and an impressive open plan fully fitted kitchen/dining/living space with doors to a private sunny aspect balcony. This property also benefits from the use of a communal roof terrace at the top of the building
Sidcup High Street offers a range of shops, including supermarkets, independent retailers, and cafes. The Nuxley Village is a nearby shopping area with local shops and eateries.
Sidcup Leisure Centre provides sports facilities, including a swimming pool and gym. Foots Cray Meadows is a large park offering walking trails and recreational areas.
Sidcup Railway Station is approximately 1 mile from the property, offering Southeastern services to London terminals such as London Victoria and London Charing Cross. Albany Park Railway Station is also nearby, providing additional rail connections. There is also easy access to the A20 which provides direct access by road to central London and the M25.
PRICING & AFFORDABILITY
Full Market Value: £320,000
35% Share Price: £112,000 (rent £475 pcm)
Minimum 5% Mortgage Deposit (35% share): £5600
Approximate Service Charges: £130 pcm*
Lease: 247 years
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £320,000 and a purchaser would not need to meet the eligibility criteria listed above.
