Pavilion Mansions

2 bedroom homes in Lambeth, Lambeth, SW9 8DG

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £267,000 for 60% share
Full price from £445,000
Min deposit from £26,700
Bedrooms 2
Bathrooms 1
Parking 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 Pavilion Mansions property is a two bedroom second floor apartment within a block of flats built around 1993. It benefits from off road parking and communal garden. The lease remaining on the property is 75 years.

Local area information

There are good transport links with Brixton underground station 0.1miles away, served by Victoria Line, and linking to Green Park in 10 minutes.

Local amenities are located 0.1 miles away along Brixton Road, and for leisure and enjoyment, Brixton Market with a wealth of shops, restaurants and bars is a short walk away.

Nearest station: Brixton Station (Zone 2) served by the Victoria Line and National Rail

Bus routes nearby: Bus routes 2, 35, 45, 196, 250, 333, 432, N2 & P4 from Brixton.

Status Plot No. Floor Beds Min share price Eligibility
Available 30 Second 2 £267,000 View details

FAQ's

Min share price from: £267,000 for a 60% share
Full price from: £445,000
Minimum deposit from: £26,700
Monthly rent from: £293
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £267,000 for a 60% 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.

Pavilion Mansions

2 bedroom homes in Lambeth, Lambeth, SW9 8DG

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £267,000 for 60% share
Full price from £445,000
Min deposit from £26,700
Bedrooms 2
Bathrooms 1
Parking 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