2 bed Flat For Sale £87,500
*NEW RELEASE - Grenada House - I.704
2 bedroom, 2 bathroom 5th floor apartment. offering 65 sq.m of internal floor area and private outdoor space. Parking available to purchase!
Available with just 5% deposit.
£87,500 for a 25% share of £350,000. Deposit as low as £4,375 and a minimum income of £44,901
- Full Market Value: £350,000
- Shared Value (25%): £87,500
- Minimum deposit: £4,375
- Required income: £44,901
- Rent PCM: £602
- Council tax band: TBC
What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. Over time, you can increase the share you own until you eventually own 100%.
