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)

Sutton Park Road, 2 bed homes


86, 4 Sutton Park Road Sutton, London, Sutton, SM1 2GB

Shared ownership

Starting prices

40% share from
£136,000
Full price
£340,000
Minimum deposit
£6,800
Monthly rent
£367
Monthly service charge
£198

Overview

Optivo are delighted to offer for sale this well-presented this modern 2 bedroom apartment located on the 8th floor with balcony offering far reaching views of Central London.

The current market value is £340,000 for 100%. The minimum 40% share available is priced at £136,000, current rent payable £367.01 pcm, rent is subject to annual reviews. Service charges are currently £197.55 pcm.

Viewings by appointment only. Please contact the vendor to arrange – Carrie – 07957195834 - carrie-nicola1@sky.com

If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to  jan.boyle@optivo.org.uk or call 020 803 62837 

If you would like to apply after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to jan.boyle@optivo.org.uk or call 020 803 62837

Application forms need to be returned to Jan ASAP

 Please note though that if a high volume of applications is received, the deadline might be brought forward.


Local area information

The property is located in Sutton Town Centre with all major retail shops on the High Street, with bars and restaurants and transport links within walking distance Sutton Main line train has direct links to London City via Southern trains and Thames link.

Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £80,000 per annum when eligible to purchase.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.
  • To purchase this 40% minimum share you will need a minimum joint household income of £38,799 and available savings of £6,800for a 5% mortgage deposit.

Features

The accommodation comprises of an entrance hall, reception room with open plan kitchen, bathroom and 2 double bedrooms. This property is approximately 67 sq/m. This property also comes with an allocated parking space in a secure underground car park and has access to a communal garden. It benefits from double glazing and electric heating.


Housing Provider

Optivo (Resales)
Shared ownership

Starting prices

40% share from
£136,000
Full price
£340,000
Minimum deposit
£6,800
Monthly rent
£367
Monthly service charge
£198