Kestrel House

2 bedroom homes in Lewisham, Lewisham, SE10 8FP

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £222,750 for 55% share
Full price from £405,000
Min deposit from £22,275
Bedrooms 2
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 Kestrel House property is a purpose-built third floor flat in a 10 storey block built around 2013 with a stunning city views. The lease remaining on the property is 121 years.

Local area information

The area has a good transport links, with Lewisham Station 0.5 miles away and linking to London Bridge in 12 mins. Greenwich train station is 0.5 miles away and that’s a direct train to Cannon Street taking only 17 min. The Thames Clipper boat from Greenwich Pier and connects you to piers around London for an alternative mode of transport.

A good selection of amenities is located just 0.3 miles away along Lewisham Road, and for a wider variety, Lewisham Shopping Centre is located 1 mile away. For leisure and enjoyment, Greenwich Park is 0.8 miles away, ideal for jogging around or just relaxing.

Nearest DLR Station: Elverson Road.

Nearest Station: Lewisham – National Rail.

Bus routes nearby: Bus routes 180, 199 & N89 from Sparta Street. Bus routes 53 & 386 from Lewisham Road.

Status Plot No. Floor Beds Min share price Eligibility
Available 13 Third 2 £222,750 View details

FAQ's

Min share price from: £222,750 for a 55% share
Full price from: £405,000
Minimum deposit from: £22,275
Monthly rent from: £212
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £222,750 for a 55% 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.

Kestrel House

2 bedroom homes in Lewisham, Lewisham, SE10 8FP

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £222,750 for 55% share
Full price from £405,000
Min deposit from £22,275
Bedrooms 2
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