1 bedroom shared living/flatmate for sale

Overview

Luxurious one bedroom DMS (Discount Market Sale) apartment in the brand new Dylon Riverside development. (Price includes 30% saving) DescriptionWHAT IS DMS?DMS stands for 'discount market sale'. This is a home ownership product designed to help eligible people get onto the property ladder. Through DMS, you can buy a property with a discount of 30% of the full market value. For instance, a property with a market value of £400,000 would cost you £280,000 after the DMS discount is applied.HOW DO I FINANCE MY DMS PURCHASE?To buy a home through DMS you will need to provide a deposit using savings and apply for a mortgage (minimum 50% gross value of the property) through a lender in the normal way. You must be a qualifying purchaser. All purchasers must sign a Statement of Truth.HOW MUCH DO I NEED TO PAY AS A DEPOSIT? You will need a deposit of 5% of the purchase price.DO I HAVE TO PAY STAMP DUTY?If you are a first-time buyer, you do not pay stamp duty on a property's value up to £425,000.WHAT HAPPENS WHEN I WANT TO SELL MY HOME?You can sell your home at any time. You must sell the property with the same discount percentage that you received when you bought it. Your buyer must also sign a Statement of Truth. Terms and conditions apply to both the purchase and onwardLocationDylon Riverside will be 0.2 mile to Lower Sydenham train station with direct trains to London Bridge taking just 14 minutes.Dylon Riverside is a 15-minute walk from Sydenham high street, where you'll find hidden gems and authentic local shops tucked around every corner. From green grocers to book shops, this eclectic village has it all. And of course, it wouldn't be a London neighbourhood without a great mixture of friendly pubs, chic bars and a diverse mix of restaurants drawing influences from around the world.Just a short 10-minute drive away from Dylon Riverside, Beckenham high street boasts a wonderful collection of restaurants, bars and cafes. Head to El Molino for Spanish tapas or spend an afternoon at Papilio for British and international style dishes.Wander down to The Br3wery for locally brewed craft beers, their terrace is the perfect place to relax with friends, or try The Chancery, a traditional gastro pub offering guests Sunday roasts.Square Footage: 556 sq ft Leasehold with approximately 998 years remaining. Additional InfoGround Rent: £0.00Service Charge:1 Bed - £ 1,574 PA2 Bed - £ 1,835 PA3 Bed - £ 2,054 PA