1 bed flat for sale

Carney Place, London SW9

Shared ownership (Advertised price represents 40% share. Full market value £390,000). This spacious and well-presented apartment is on the second floor of a recently-built development in the heart of Brixton. The property has an approximately twenty-five-foot reception room with attractive flooring and an open-plan kitchen featuring sleek units and integrated appliances. A door leads from the living area out onto a south-west-facing balcony. There is a good-sized bedroom, with fitted, mirror-fronted wardrobe, and a stylish, high-spec bathroom. A pair of storage/utility cupboards have been provided in the entrance hallway and well insulated walls, modern double glazing and a communal heating/hot water system make for a good energy-efficiency rating. The development has a communal courtyard with a raised and decked seating area. Brixton Station (Victoria Line plus Southeastern Railway services) is just minutes away and Loughborough Junction (Thameslink) is within easy walking distance.

Interested parties are required to complete the shared ownership common application form [ ]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Sovereign Network Group.
Tenure: Leasehold (125 years from 31/03/2022).
Minimum Share: 40% (£156,000).
Shared Ownership Rent: £673.95 per month (subject to annual review).
Service Charge: £215.97 per month (subject to annual review).
Guideline Minimum Income: Dual - £57,400 | Single - £66,000 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Lambeth.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.

What is shared ownership ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.

Is shared ownership for you ?

The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

Bedroom

14' 5" max. X 10' 4" max. (4.39m x 3.14m)

Reception

24' 10" x 11' 7" max. (7.58m x 3.54m)

Kitchen

Included in reception measurement

Balcony

11' 7" x 5' 7" (3.54m x 1.71m)