2 bed flat for sale

Flat D, 31 Tierney Road, London SW2

Shared Ownership

This superb period home is available to buy from as little as £230,000 with a 50% share!

This beautifully presented first floor conversion apartment is arranged to provide a bright and practical living space. The property comprises a spacious kitchen/reception room with an attractive bay window, a generous principal double bedroom, a second bedroom and a bathroom. A central entrance hallway connects the accommodation, with additional built-in storage providing useful everyday space. Outside, residents benefit from on street permit parking.

Tierney Road is situated in a popular residential area of Streatham, within easy reach of a wide range of shops, cafés, restaurants and everyday amenities. Nearby Streatham High Road provides an extensive choice of independent and high-street businesses, while the open green spaces of Streatham Common and Tooting Bec Common offer excellent opportunities for walking, leisure and recreation. The property is also conveniently positioned for the amenities of Balham and Brixton, providing further dining, shopping and entertainment options.

The area benefits from excellent transport connections into and across London. Streatham Hill station provides regular rail services towards London Victoria, while nearby bus routes offer convenient links to Brixton, Balham and surrounding areas. Brixton Underground station provides access to the Victoria line, while Balham offers both National Rail and Northern line services, making the property well placed for commuters travelling into Central London and beyond.
Pricing & affordability


Full Market Value: £460,000

50% Share Price: £230,000 (rent £223.18pcm)
Minimum 5% Mortgage Deposit (50% share): £11,500
Approximate Service Charges: £222.89 pcm*
Shared Ownership Lease: 149 years remaining
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 £460,000 and a purchaser would not need to meet the eligibility criteria listed above.