1 bed flat for sale

Flat 33, 5 Oakhill Road, London SW15

Shared Ownership

This superb modern home is available to buy from as little as £225,000 with a 45% share!

A fantastic opportunity to own a stylish and contemporary first-floor apartment, perfect for first-time buyers, professionals, or investors. The property boasts a spacious open-plan kitchen and reception area, leading to a private balcony that is ideal for relaxing or entertaining. The double bedroom is bright and well-proportioned, while the bathroom is sleek and modern. With ample storage and high-quality finishes throughout, this property provides a blend of comfort and functionality.

Situated on Oakhill Road, this apartment benefits from an excellent location in the vibrant area of Putney. A short walk takes you to Putney High Street, where you'll find a variety of boutique shops, cafes, and restaurants. Transport links are outstanding, with East Putney Underground Station and Putney Rail Station nearby, providing easy access to central London. The area is also home to plenty of green spaces, including Wandsworth Park and the River Thames towpath, perfect for outdoor enthusiasts.
Pricing & affordability


Full Market Value: £450,000

45% Share Price: £202,500 (rent £724.29 pcm)
Minimum 5% Mortgage Deposit (45% share): £10,125
Approximate Service Charges: £484.20 pcm*
Shared Ownership Lease: Approx. 117 years
Eligibility


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 £90,000.
• 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.

** This home can also be purchased outright (100% of the value) which is £450,000 and a purchaser would not need to meet the eligibility criteria listed above.