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£60,000
2-bedroom, second floor aoartment available in Sutton through the Older Persons Shared Ownership scheme!
You can apply to buy the home if all of the following apply:
- You are 55 years old or over
- your household income is £80,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
2-bedroom, second floor apartment available in Sutton through the Older Persons Shared Ownership scheme!
This well-presented two-bedroom, second-floor apartment in Sutton is available through the Older Persons Shared Ownership scheme and offers a fantastic opportunity to secure a comfortable and modern home in a convenient South London location.
Situated on the Brighton Road, the property features a bright and spacious living area with access to a private balcony, providing a pleasant space to relax. The kitchen is fitted with an electric oven, electric hob, and fridge freezer, offering everything needed for day-to-day living. Both bedrooms are well-proportioned, ideal for flexibility of use, whether as sleeping accommodation, a guest room, or additional living space. The apartment also benefits from a fitted bathroom and additional storage cupboards.
This building includes a video entry system and an emergency call system, as well as being situated next to a right-to-use parking area.
Key Features:
- Two-bedroom, second-floor apartment
- Exclusively for the over 55's
- Shares from 25%
- Energy efficient home
- Private balcony
- Open plan kitchen/living area
- Right to use parking next to the property
- Kitchen fitted with electric oven, electric hob, and fridge freezer
- Emergency call system
- Convenient Sutton location close to local amenities and transport links
- Tenure: Older Persons Shared Ownership
- Available Shares from: 25%
- Full Market Value: £240,000
- Share Value (initial purchase) from: £60,000
- Rent (on unsold equity): £640.11
- Service Charge: £160.21 per month
- Lease Length: 125 years
- Council Tax Band: D
- EPC Rating: B
Location
The property is ideally situated on Brighton Road in the popular London Borough of Sutton, offering a balance of suburban tranquillity and excellent local amenities. Nearby, residents can enjoy a range of shops, cafés, and green open spaces, while the wider town centre of Sutton provides a vibrant high street with supermarkets, restaurants, and leisure facilities. The property is well served by both rail and bus links, including Belmont railway station (1.5 miles) and Sutton Station (2.5 miles), providing regular Southern services on the Epsom Downs line, with connections through to London Victoria in around 30-minets.
Please note that this property has a restricted equity of 75% and 100% can never be owned. Applicants will only be accepted if over the age of 55 as this property is under the Older Persons Shared Ownership Scheme.
Red Loft
