2, Hillcross Court, 45, Sidcup Hill, Sidcup, Bexle

SHARED OWNERSHIP

This superb modern home is available to buy from as little as £155,000 with a 50% share!

Stunning one bedroom ground floor apartment, built in 2022 and enjoying a prime position in the heart of Sidcup, just a short walk from a wide selection of bars, restaurants, independent shops, Sidcup Station and all other transport links. A superb first time buy, the property is immaculately presented throughout. The accommodation comprises a well maintained and modern communal entrance hall, leading into the apartment’s own entrance hall, an impressive open plan luxury fitted kitchen/dining and living area with doors opening onto a private balcony/courtyard, a contemporary shower room, and a spacious double bedroom. Additional benefits include double glazing, gas central heating, and an entry phone system.
Viewing is highly recommended.


PRICING & AFFORDABILITY

Full Market Value: £310,000

50% Share Price: £155,000 (rent £391.12 pcm)
Minimum 5% Mortgage Deposit (50% share): £7,750
Approximate Service Charges: £767.61 half yearly
Lease: 246 years (250 years from 2022)

Communal Entrance Hall

Entrance Hall

Kitchen / Dining / Living Area 6.32m x 4.34m

Balcony / Courtyard 3.89m x 2.59m

Bedroom 5.44m x 2.84m

Shower Room

Lease
250 years from 2022. 246 years remaining.

Service Charges
£767.61 half yearly.

Council Tax
Band C.

Eligibilty
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £80,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.