£200,000 /Sale price

Shared OwnershipThis superb modern home is available to buy from as little as £200,000 with a 50% share! Nestled on a residential street in the heart of SE25, 5 minutes from Norwood Junction station, this beautifully presented second-floor apartment offers a stylish and contemporary living space, ideal for first-time buyers or those seeking a comfortable London base. The property boasts a bright and spacious open-plan kitchen and reception area, perfect for entertaining or relaxing at the end of the day. Large floor to ceiling windows flood the room with natural light, creating a warm and inviting atmosphere, while the modern kitchen features sleek fittings and integrated appliances. Both bedrooms are well-proportioned, providing ample space for rest and storage. The main bedroom offers a peaceful retreat, while the second bedroom can serve as a guest room, home office, or nurseryadaptable to suit any lifestyle. A modern bathroom complements the home's contemporary feel, featuring elegant finishes and a clean, minimalist design. Adding to the appeal, a private balcony provides an ideal spot to enjoy your morning coffee or unwind with evening views. The property enjoys an excellent location with a wide range of local amenities and convenient transport connections. Nearby South Norwood and Crystal Palace offer an array of independent cafes, restaurants, and shops, along with popular green spaces such as South Norwood Lake and Country Park, perfect for weekend walks or outdoor activities. For commuters, Norwood Junction Station is a 5 minute walk, providing fast services to London Bridge (20 mins), Victoria (30 mins), as well as direct Overground links across the city to Shoreditch and North and East London. Several bus routes also operate locally, ensuring excellent connectivity throughout South London. The area is further enhanced by good local schools, leisure facilities, and a welcoming community atmosphere, making it an attractive place to live for professionals and families alike.PRICING & AFFORDABILITYFull Market Value: £400,00050% Share Price: £200,000 (rent £498.06 pcm)Minimum 5% Mortgage Deposit (50% share): £10,000Approximate Service Charges: £177 pcm* Lease: 248 yearsELIGIBILITYShared 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 £400,000 and a purchaser would not need to meet the eligibility criteria listed above.