Flat 6, Lidcote House, 35 Robsart Street, London

Shared Ownership

This superb modern home is available to buy from as little as £182,500 with a 50% share!

This well-presented one-bedroom apartment offering approximately 540 sq ft of thoughtfully arranged accommodation, with a private terrace and a bright open-plan living space. The accommodation comprises an entrance hallway, a generous double bedroom, bathroom and a spacious kitchen/reception room measuring over 23ft in length, providing plenty of room for both living and dining areas.

The kitchen/reception opens directly onto the private terrace, providing valuable outside space and allowing plenty of natural light into the main living area. The apartment forms part of a modern purpose-built development positioned between Stockwell and Brixton, with a good selection of shops, cafés, restaurants and everyday amenities available nearby.

Transport connections are particularly convenient, with Stockwell Underground Station around 0.3–0.4 miles away, providing both Northern and Victoria line services, while Brixton Underground and National Rail stations are also within easy reach. Slade Gardens provides nearby green space, while the wider amenities of Brixton are approximately a 10-minute walk away.

PRICING & AFFORDABILITY

Full Market Value: £365,000

50% Share Price: £182,500 (rent £414.95pcm)
Minimum 5% Mortgage Deposit (50% share): £9,125
Approximate Service Charges: £239.57pcm*
Lease: 113 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.