Varney Court, 10 St. Marks Square, Bromley

Property Details: - Type: Apartment - Bedrooms: 2 - Bathrooms: 2

Agent: SOWN - National Phone: 023 8221 9179

Shared Ownership<br/><br/>This superb modern home is available to buy from as little as £93,750 with a 25% share!<br/><br/>This well presented first floor apartment provides features access to a substantial outside terrace and benefits from spacious and contemporary accommodation throughout. The property features a generous open plan kitchen/living room, two well proportioned bedrooms (bedroom one with en suite shower room) and a family bathroom. <br/><br/>Situated in the heart of Bromley, St Marks Square offers residents convenient access to an excellent range of shops, restaurants, cafés and leisure facilities. The nearby Glades Shopping Centre provides a wealth of retail options, while local parks and green spaces offer opportunities for outdoor recreation. Bromley remains one of South East London’s most desirable locations, combining a vibrant town centre with a strong sense of community.<br/><br/>The property is exceptionally well connected, with Bromley South Station providing fast and frequent services into London Victoria, while Bromley North Station offers additional rail links. A comprehensive bus network serves the surrounding area, and the nearby A21 and A232 provide convenient road access across South London, Kent and beyond.<br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £375,000<br/><br/>25% Share Price: £93,750 (rent £934.72pcm)<br/>Minimum 5% Mortgage Deposit (25% share): £4,687.50<br/>Approximate Service Charges: £375.10pcm* <br/>Lease: 117 years remaining<br/><br/>ELIGIBILITY<br/><br/>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.<br/><br/>To be eligible for shared ownership you would need to meet the following criteria:<br/><br/>• Your annual household income does not exceed £90,000.<br/>• You have a deposit of at least 5% of the share value<br/>• You do not own another property or have your name on the deeds or a mortgage for a property worldwide. <br/>• This will be your only residence.<br/>• You are a permanent UK resident or have indefinite right to remain.<br/><br/>*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.<br/><br/>* This home can also be purchased outright (100% of the value) which is £375,000 and a purchaser would not need to meet the eligibility criteria listed above.<br/><br/>