Cherrywood Lodge

1 bedroom homes in Lewisham, Lewisham, SE13 6UP

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £90,000 for 30% share
Full price from £300,000
Min deposit from £9,000
Bedrooms 1
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

The Cherrywood Lodge property is a purpose built ground floor flat in a four storey building. The development benefits from a Tesco Express, ‘Anytime Fitness’ 24-hour gym and communal garden. The lease remaining on the property is 111 years.

Local area information

There are good transport links with Hither Green station 0.4 miles away, served by National Rail, and linking to London Bridge in 11 minutes.

Local amenities are located 0.2 miles away along Hither Green Lane, and nearby Lewisham offers a good range of amenities including a regular rail service to London. For leisure and enjoyment, Mountsfield Park is within 0.2 miles.

Nearest DLR station: Lewisham (Zone 2).

Nearest Station: Hither Green – National Rail.

Bus routes nearby: Bus routes 181 & 225 from Duncrievie Road.

Status Plot No. Floor Beds Min share price Eligibility
Available 3 Ground 1 £90,000 View details
Available 6 First 1 £90,000 View details

FAQ's

Min share price from: £90,000 for a 30% share
Full price from: £300,000
Minimum deposit from: £9,000
Monthly rent from: £432
Bedrooms: 1
Bathrooms: 1

There are 2 available ranging from £90,000 for a 30% share to £90,000 for a 30% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Cherrywood Lodge

1 bedroom homes in Lewisham, Lewisham, SE13 6UP

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £90,000 for 30% share
Full price from £300,000
Min deposit from £9,000
Bedrooms 1
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes