Shared Ownership
This superb modern home is available to buy from as little as £118,750 with a 25% share!
A well-presented and thoughtfully arranged two-bedroom apartment set on the fourth floor of an attractive building on Cavendish Road. This bright and inviting home offers a spacious open-plan kitchen and reception area, ideal for both relaxing and entertaining, with a modern fitted kitchen and ample space for dining and living.
The property comprises two comfortable double bedrooms, both offering good natural light, alongside a contemporary family bathroom and an additional shower room, providing excellent convenience for modern living.
Further benefits include a practical layout with well-defined living and sleeping areas, making it perfectly suited to professionals, couples, or small families. The apartment enjoys a pleasant position within the building and a sense of privacy, while still being well-connected to local amenities, transport links, and green spaces.
Offered in good condition throughout, this is a fantastic opportunity to secure a stylish and functional home in a highly desirable location.
Ideally positioned on Cavendish Road, this property benefits from a vibrant yet residential setting in Wimbledon. The area offers an excellent selection of local amenities, including cafés, restaurants, and shops, with the more extensive retail and leisure options of Wimbledon Village and Centre Court Shopping Centre nearby. Green open spaces such as Wimbledon Common provide a perfect escape for outdoor activities. Transport links are superb, with Wimbledon Station offering District Line Underground services, mainline trains to central London, and tram connections, while nearby Raynes Park Station provides additional rail options, ensuring convenient access across the capital and beyond.
PRICING & AFFORDABILITY
Full Market Value: £475,000
25% Share Price: £118,750 (rent £654.63 pcm)
Minimum 5% Mortgage Deposit (% share): £5937.50
Approximate Service Charges: £417.15 pcm*
Lease: 117 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 £90,000.
• 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 £475,000 and a purchaser would not need to meet the eligibility criteria listed above.
