Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Ian McDonald Court, 1 bed homes


Adastra Way, Wallington, Sutton, SM6 9FD

Shared ownership

Starting prices

25% share from
£53,750
Full price
£215,000
Monthly rent
£271
Monthly service charge
£80

Overview

Key Features

One bedroom ground floor flat
Good condition
Double glazed
Fully gas centrally heated
One allocated parking space
Close to local amenities in Wallington


Full Description

A one bedroom ground floor flat located in Wallington available through Shared Ownership Scheme
Available for £53,750 for 25% share based on the marketing figure of £215,000

SO Resi Monthly Payment - £271.09
Monthly Service Charge - £79.78
Total Monthly Charge - £350.87 PLUS MORTGAGE REQUIRED FOR 25% SHARE

The property is a one bedroom, ground floor flat within a four storey purpose built block of 10 flats that forms part of a larger residential estate in Wallington, Surrey. Located to the South of Central London, the property falls under the London Borough of Sutton.

You can buy more shares for minimum of 10%

Ground

Entryphone system to Communal Hallway and Stairwell.

Bedroom
2.872m x 4.941m.

Reception/Kitchen
3.586m x 7.175m.

Bathroom with WC
1.712m x 2.234m.

Externally
Balcony accessed from Reception Room
One allocated parking space

EPC Rating

Energy Rating Band - B
Environmental Impact Band - B

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.


Local area information

The subject property is within reasonable driving distance of the nearest rail mainline station Wallington, with services into Central London. The area is well served by a number of bus routes.

The property is within reasonable travelling distance of the local shopping and recreational facilities within the area.


Housing Provider

SO Resi
Shared ownership

Starting prices

25% share from
£53,750
Full price
£215,000
Monthly rent
£271
Monthly service charge
£80