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)

Reed House, 1 bed homes


Durnsford Road, Wimbledon, Merton, SW19 8GY

Shared ownership

Starting prices

40% share from
£136,000
Full price
£340,000
Minimum deposit
£6,800
Monthly rent
£400
Monthly service charge
£177

Overview

Key Features

One bedroom
Second floor
Ideal for first time buyer
Very good condition
Contemporary design
Central heating and hot water
Allocated parking space
Close to local amenities in central London
Excellent transport connection to central London
Available for 40% share
 

Full Description

A one bedroom second floor flat located in London available through Shared Ownership Scheme.
Available for  £136,000 for 40% share based on the marketing figure of £ 340,000.

SO Resi Monthly Payment - £399.66
Monthly Service Charge - £176.71
Total Monthly Charge - £576.37 PLUS MORTGAGE REQUIRED FOR 40% SHARE
Minimum required Income- £45,403

The property is a second floor purpose built flat benefiting from good views. The flat consists of one spacious bedrooms, living room with open plan fitted kitchen with built in electric appliances and access to private balcony, bathroom with WC and extra selves in the hallway cupboard. Externally, the property provides allocated parking space, secure bike storage and well-maintained communal gardens.

 

You can buy more shares for minimum of 10%

Ground Floor

Communal entrance lobby with staircase and lift

Second Floor

Private entrance hall
Storage cupboard

Bathroom with WC

Bedroom:
2.764m x 4.071m (plus 1.699m x 0.779m)

Reception Area:
3.129m x 3.942m 

Kitchen Area:
1.996m x 1.627m

Bathroom with WC:
1.699m x 2.170m.

 

Outside

Private balcony off living room
Communal areas
Allocated parking

EPC Rating

Energy Rating Band - B
Environmental Impact Band - C

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 area is well served with numerous bus routes, and the subject property is within reasonable distance of the nearest underground station; Wimbledon Park (District Line) and rail mainline station; Haydons Road. The subject property is within reasonable travelling distance to the local shopping and recreational facilities in the area.


Housing Provider

SO Resi
Shared ownership

Starting prices

40% share from
£136,000
Full price
£340,000
Minimum deposit
£6,800
Monthly rent
£400
Monthly service charge
£177