Shared Ownership
1 / 5
2 / 5
3 / 5
4 / 5
5 / 5
Loading street view...
2 Bedroom Flat

Greenfinch House, 20 Mayow Road, Forest Hill, SE23

£ 120,000

Call the Shared Ownership branch on 02380 820 121

Features:

  • Brand new Shared Ownership home
  • Less than 1 mile from Sydenham station and Overground
  • Open plan lounge/kitchen/diner
  • Close to local amenities
  • Spacious bedrooms
  • Strong travel connections to City centre

 

Property Description:

Shared Ownership

This brand new home is available to buy from as little as £120,000 with a 25% share!

Dacres Wood Court is a brand new collection of apartments located in the desirable Forest Hill area of south east London. Each one of these stunning homes offer space and comfort combined with great local schools and excellent travel connections. The local area provides access to all the essential amenities, while nearby Forest Hill Station opens up a gateway to the wider city and, in turn, the rest of the UK.

Forest Hill is fast becoming London's newest place to be and it's easy to see why. The quiet, attractive streets are punctuated with pockets of green and beautiful open spaces such as Albion Millennium Green and Dacres Wood Nature Reserve, and the bustling centre is packed full of interesting independent shopping, arts and entertainment.

This brand new first floor apartment features an open plan lounge/kitchen/diner, two double bedrooms (master with en suite) and bathroom.

PRICING & AFFORDABILITY
Approximate Size 926 sq ft

Full Market Value: £480,000

25% Share Price: £120,000 (rent £705.00pcm)
45% Share Price: £192,000 (rent £564pcm)
60% Share Price: £288,000 (rent £376.00pcm)
75% Share Price: £360,000 (rent £235.00pcm)

Minimum 10% Mortgage Deposit (25% share): £12,000

Approximate Service Charges: £259.69 pcm*

ELIGIBILITY

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.

At Dacres Wood Court you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.

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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

Leaders Romans Group are selling the homes on behalf of Sage Housing. Sage Housing is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Housing visit www.sagehousing.co.uk.

 

Call the Shared Ownership branch on 02380 820 121