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)

Park Road, 1 bed homes


Park Road, Colliers Wood, Merton, SW19 2BD

Shared ownership

Starting prices

30% share from
£91,500
Full price
£305,000
Monthly rent
£410
Monthly service charge
£105

Overview

Key Features

One bedroom ground floor flat
Good condition
Double glazed
Central heating
Close to local amenities in Colliers Wood


Full Description

A one bedroom ground floor flat located in Colliers Wood available through Shared Ownership Scheme.
Available for £91,500 for 30% share based on the marketing figure of £305,000.

SO Resi Monthly Payment - £410.48
Monthly Service Charge - £104.69
Total Monthly Charge - £515.17 PLUS MORTGAGE REQUIRED FOR 30% SHARE
Minimum required Income-£32,075

The property comprises a ground floor self-contained flat within a 3 storey purpose-built block built. The flat itself comprises one large double bedroom, bathroom and open plan kitchen and reception.


You can buy more shares for minimum of 10%

Ground Floor

Kitchen/ Reception

Bedroom

Bathroom

Outside

Communal entrance hall & staircase
Bicycle and bin storage

The gross internal area of the flat is 44 sq. m (473 sq. ft.).

Services

Mains electricity, hot water and drainage are available.The flat has gas central heating throughout.

EPC Rating

Energy Rating Band -C
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 property is situated in Colliers Wood in a mix residential and commercial location. The property is situated on Park Road which is just off Colliers Wood High Street. Park Road is a sought-after location situated near to Tooting Broadway Tube and Colliers Wood tube (Northern Line), St Georges Hospital and a number of amenities along Tooting High Street.


Housing Provider

SO Resi
Shared ownership

Starting prices

30% share from
£91,500
Full price
£305,000
Monthly rent
£410
Monthly service charge
£105