Share Price £183,750 (from 35% Min. Share)

Full Value £525,000 | £9,188 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Hammersmith and Fulham

place Normandy Place, W12 8AX

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2 Bed Shared Ownership Apartment


Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £90,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.

Description

This resale shared ownership property comprises of a Second floor self-contained two bedroom flat. This forms part of a modern low rise, purpose-built block which was constructed over 10 years ago. This flat is located on the western side of Bourbon Lane, which is a private cul-de-sac turning off the north-eastern section of Sterne Street. Other benefits include audio/visual door porter entry and push button to the internal common parts as well as CCTV and external lighting.

This property features two spacious bedrooms and an open plan kitchen which leads just off the reception room. To make the most of your space, there is also a utility/storage room. If you are looking to spend sometime outside, you have your own private balcony to sit on. If you decide to purchase this property you will experience good local and multiple shopping facilities which can be found in Shepherds Bush Green and at the Westfield Shopping Centre. There are also other amenities such as bars and restaurants, cinema and bowling that are just a short walk away. If you are keen on spending time outside, local parks such as Shepherds Bush Green and open spaces are not too far away. There is also a good range of primary and secondary schools in the area.

Transport Links

If you are looking to travel into London, you are only a 20 minute journey into Central London. The best Underground station options are Shepherds Bush and Shepherds Bush Market. For London Overground or National Rail links, you can find these opposite Shepherds Bush underground station. You also have good bus links in and out of London during the day and night. From this location you can easily access the A40 where you can get to the North Circular, M40 or M25.


Key Features

Size approximately: 680 sq ft. or 63.2 sq m.
Monthly Rent: £353.86
Service Charge: £221.74
Length of Lease: 125 years from 25th March 2007 with just over 111 years left on the lease


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Calculate Monthly Cost

Share price
£ 183,750
Min. £183,750
Share percentage
Min. 35%
Your deposit
Min. £9,188
Monthly cost*
£1,492
Cost breakdown
£354
Rent
£222
Service charge
£916
Mortgage*
Calculated using a representative rate of 3.94%
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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.