The Address, Belmont - Apartments

1 - 2 bedroom homes in Station Road, Long Sutton, Sutton, SM2 6BH

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £108,500 for 35% share
Full price from £310,000
Min deposit from £5,425
Monthly rent from £462
Service charge from £125
Bedrooms 1-2
Bathrooms 1 - 2
Parking 1
Wheelchair accessibility Adaptable
Pets Yes

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

FINAL 1 & 2 BEDS REMAINING!

Optivo is delighted to deliver a stunning new boutique development of modern one & two bedroom homes in Belmont, Surrey available on shared ownership.

This development provides secure gated allocated parking, cycle storage, and balcony or a terrace to all apartments. Interiors finished to a high spec with large windows, high ceilings with high end appliances included.

1-bed apartments (51m2) from £108,500 for a 35% share (based on a full market value of £310,000)

2-bed apartments (77m2) from £138,250 for a 35% share (based on a full market value of £395,000)

Local area information

Belmont is an up-and-coming area with new places to live, work, shop and relax and, with excellent access to the Southern Line rail network and good bus routes.

Conveniently located off 'The Crescent/ Belmont Road', its not surprising that its becoming the location of choice for young singles, couples and families.

Status Plot No. Floor Beds Min share price Eligibility
Available A.05 First Floor 1 £108,500 View details
Available A.03 Second Floor 2 £138,250 View details

FAQ's

Min share price from: £108,500 for a 35% share
Full price from: £310,000
Minimum deposit from: £5,425
Monthly rent from: £462
Bedrooms: 1
Bathrooms: 1

There are 2 available ranging from £108,500 for a 35% share to £138,250 for a 35% 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.

Yes, but 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.

The Address, Belmont - Apartments

1 - 2 bedroom homes in Station Road, Long Sutton, Sutton, SM2 6BH

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £108,500 for 35% share
Full price from £310,000
Min deposit from £5,425
Monthly rent from £462
Service charge from £125
Bedrooms 1-2
Bathrooms 1 - 2
Parking 1
Wheelchair accessibility Adaptable
Pets Yes

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