Shared Ownership
**AGE OVER 55 & CASH BUYERS ONLY**
This apartment is available to buy from as little as £147,000 with a 70% share!
Situated within the sought-after Berens Court development, this well-presented two-bedroom apartment offers spacious and contemporary living accommodation, ideally located for Sidcup town centre, excellent transport links, and highly regarded local amenities.
The property features a bright and generously proportioned reception room, providing an ideal space for both relaxing and entertaining. The modern fitted kitchen is well-equipped with ample storage and workspace, while the two well-sized bedrooms offer comfortable accommodation, with the principal bedroom benefiting from excellent natural light. A stylish family bathroom completes the internal accommodation.
Berens Court is a well-maintained retirement development set within attractive communal grounds, offering residents a peaceful environment while remaining conveniently close to shops, restaurants, leisure facilities, and transport connections. Sidcup Station provides regular services into Central London
N.B. This property is only for 55 years and over and must be purchased in cash. The lease is renewed each time a new shared owner moves in.
PRICING & AFFORDABILITY
Full Market Value: £210,000
70% Share Price: £147,000 (No monthly rent)
Approximate Service Charges: £207.97pcm*
Lease:
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.
