Shared Ownership
This superb modern home is available to buy from as little as £250,000 with a 50% share!
A spacious and well presented first floor apartment, located on Old Brewery Way and offering approximately 807 sq ft (75 sq m) of thoughtfully arranged accommodation.
The apartment features a bright and generous open plan kitchen/reception room, with direct access to a private balcony that adds valuable outdoor space. There are two well proportioned double bedrooms along with a modern family bathroom and an additional separate WC, enhancing convenience for occupants and visitors alike.
Old Brewery Way is ideally positioned for the amenities of Walthamstow, an area known for its vibrant community feel and excellent lifestyle offering. Residents can enjoy a wide selection of independent cafés, restaurants, bars and shops along Walthamstow High Street, as well as the popular Walthamstow Village, which is renowned for its historic charm and boutique dining options. The area also benefits from excellent green spaces, including Lloyd Park, St James Park and the Walthamstow Wetlands, offering scenic walks, leisure facilities and outdoor activities.
The property is very well connected, with Walthamstow Central Station within easy reach, providing access to the Victoria Line and London Overground, offering fast and direct routes into the City and West End. Blackhorse Road Station is also nearby, further enhancing transport options. A variety of bus routes serve the local area, ensuring convenient connections across East and North London.
PRICING & AFFORDABILITY
Full Market Value: £500,000
50% Share Price: £250,000 (rent £718.32pcm)
Minimum 5% Mortgage Deposit (50% share): £12,500
Approximate Service Charges: £161.81pcm*
Lease: 118 years remaining
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 £500,000 and a purchaser would not need to meet the eligibility criteria listed above.
