Esquiline Lane

Studio homes in Merton, Merton, CR4 1GH

Tenure Shared ownership
What is Shared Ownership?
Availability Available

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

One bedroom first floor flat, in the London Borough of Merton, available to buy through Shared Ownership. Full market value £260,000. 75% share available, share price £195,000.
 

Key features

  • Juliette balcony over looking the parkland

Monthly fees

Rent £105.18 
Service Charge £60*

Administrative fee £13.13

Ground rent £16.16

Ground floor
Communal entrance hall with stairs leading to the first floor

First floor
Hallway, living room/kitchen, bedroom and bathroom

External
None

GIA
51 square metres as per RICS valuation

Accessibility rating 
F – general needs

EPC rating
B

Length of lease
96 years

Borough
Merton

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.

Esquiline Lane

Studio homes in Merton, Merton, CR4 1GH

Tenure Shared ownership
What is Shared Ownership?
Availability Available

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