Share Price £185,000 (from 25% Min. Share)

Full Value £740,000 | £9,250 Min. Deposit

Scheme: Shared Ownership

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North Wharf Road - 1 bed apartment in Westminster

place North Wharf Road, W2 1LA

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Four exclusive one bedroom apartments for Shared Ownership


Eligibility

Eligibility

The scheme is open initially only to persons who are resident or employed in the Council’s Area (City of Westminster).

Applicants must be registered with Westminster Home Ownership team. To be eligible to register with Homeownership Westminster, you must:

  • Have lived or worked in Westminster for at least the last year
  • Be a first time buyer or you will have sold any property you owned in the UK or abroad prior to completing on a property in Westminster
  • Additionally, you must not exceed the maximum household income threshold of £90,000 or as prescribed by the Borough

To find out more about the selection process and to register, please use the link below:

http://www.homeownershipwestminster.co.uk/register

or call 0800 783 4849


Description

Available now!

Octavia are offering four exclusive one bedroom apartments for shared ownership, placing a brand new home in prime Zone 1 Paddington within financial reach.

North Wharf Road is walking distance to the Paddington Basin, the terminus of the Paddington Arm of the Grand Union Canal. This area has seen significant regeneration during the past decade and is now home to a mix of smart new apartments and office buildings.

The Paddington Basin has also become something of a go to destination, with waterside restaurants, bars, pop-up food fairs and events on offer. Close by is Edgware Road, with its plethora of Middle Eastern Restaurants and shops. Bayswater, with its traditional pubs and garden squares is also nearby for you to enjoy.

Your everyday shopping is easy, the area boosts a Sainsbury's local, Co-op and Marks & Spencer's Simply Food close by. You don't have far to go for some retail therapy with Marble Arch and the Western End of Oxford Street 15 minutes’ walk away.

Kensington Gardens and Hyde Park are approximately 10 minutes’ walk away, ideal for a walk round the Long Water and the Serpentine, or hiring a pedal or rowing boat and heading out onto the water.

Transport

North Wharf Roads location right next to Paddington Station means a range of transport links on the door step.

Paddington is a stop on four underground lines: Bakerloo, Hammersmith & City, District and Circle, offering direct access across most of the capital.

Paddington is the London terminus for rail routes to the West and South West of England as well as the Heathrow Express.


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Property brochure 1 Property price list

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 185,000
Min. £185,000
Share percentage
Min. 25%
Your deposit
Min. £9,250
Monthly cost*
£1,902
Cost breakdown
£694
Rent
£315
Service charge
£893
Mortgage*
Calculated using a representative rate of 3.64%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.