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)

Rosewood House, 2 bed homes


Vauxhall Grove, Vauxhall, Lambeth, RG27 9UW

Shared ownership

Starting prices

50% share from
£257,500
Full price
£515,000
Monthly rent
£328
Monthly service charge
£145

Overview

Key Features

Two bedroom fourth floor flat
Good condition
Double glazed
One allocated parking space
Heating by gas fired system
Close to local amenities in Vauxhall Grove


Full Description

A two bedroom fourth floor flat located in Vauxhall available through Shared Ownership Scheme.
Available for £257,500 for 50% share based on the marketing figure of £515,000.

SO Resi Monthly Payment - £328.09
Monthly Service Charge - £144.92
Total Monthly Charge - £473.01 PLUS MORTGAGE REQUIRED FOR 50% SHARE

Minimum Income - £79,252

The property comprises a two bedroom, purpose built fourth floor flat. The accommodation comprises hallway, spacious living room/kitchen area, two bedrooms and a shower-room. The property benefits form a secured underground parking space.

The remaining lease term is 75 years. The Valuation is reflective of the lower term. You will have the option of extending the lease, Metropolitan Thames Valley does not impose a minimum time that you must own the property before you can apply to extend the lease. You can even extend the lease at the same time that you purchase the property. You should discuss the lease term with your financial advisor / mortgage broker and your solicitor.

You can buy more shares for minimum of 10%.

 

EPC Rating

Energy Rating Band - D
Environmental Impact Band - D

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 flat is located close to local amenities; near to primary and secondary schools as well as parks and community gardens, local gyms and a local Sainsbury supermarket and Argos only within 10 mins walking distance.


Housing Provider

SO Resi
Shared ownership

Starting prices

50% share from
£257,500
Full price
£515,000
Monthly rent
£328
Monthly service charge
£145