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)

Typhoon Way, 2 bed homes


Typhoon Way, Wallington, Sutton, SM6 9AW

Shared ownership

Starting prices

75% share from
£202,500
Full price
£270,000
Minimum deposit
£10,125
Monthly rent
£146
Monthly service charge
£84

Overview

Key Features
• Two bedrooms
• Allocated parking
• First Floor
• Close to local amenities including Gyms and Shops
• Great condition
• Close to transport links
• Available for 75% share

Full Description

A two bedroom apartment located in Wallington available through Shared Ownership Scheme

Available for £202,500 for 75% share based on the marketing figure of £270,000

SO Resi Monthly Payment - £146.47
Monthly Service Charge - £83.93
Total Monthly Charge - £230.40 PLUS MORTGAGE REQUIRED FOR 75% SHARE
Minimum income requirement - £60,069


Buy more shares for a minimum of 10%

Incomes required are based on the following assumptions: Deposit 5% on the resale calculator, mortgage interest rate 2.99% & mortgage term 25 years.

Income required will be reduced if you have a higher deposit available.

First floor two bedroom apartment in Wallington, SM6. Property comprises of two double bedrooms, kitchen with dining area, bathroom (shower over bath)with WC and lounge area. Also includes allocated parking and private garden.

Primary Details:

Ground Floor:
Communal entrance lobby with staircase to:

First Floor:
Private entrance hall with fitted storage and airing cupboards

Bedroom 1:
4.21 x 2.65
Fitted wardrobes

Bedroom 2:
with fitted cupboard: 4.21 x 3.00.

Bathroom with WC
Shower over bath

Reception room:
4.79 x 3.52

Kitchen:
Fitted kitchen
4.79 x 3.41

Outside:
Private garden.
Communal grounds and areas
Bin store

Allocated parking space.


EPC Rating
Energy Rating Band - C
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

Close to transport links to Croyden and Sutton. Close to local amenities including gyms and shops. Has good local schools including St Elphege school, Wallington Primary School and Foresters Primary School.


Housing Provider

SO Resi
Shared ownership

Starting prices

75% share from
£202,500
Full price
£270,000
Minimum deposit
£10,125
Monthly rent
£146
Monthly service charge
£84