2 bedroom apartment for sale
Lucerne Apartments, 91 Hilltop Avenue, NW10 8GN
Share percentage 50%, full price £390,000, £19,500 Min Deposit.
Share percentage 50%, full price £390,000, £19,500 Min Deposit.
Monthly Cost: £1,595
Rent £526,
Service charge £119,
Mortgage £950*
Calculated using a representative rate of 4.24%
Calculate estimated monthly costs
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.
Summary
Available through our resale shared ownership scheme, a top floor, two-bedroom apartment in North London.
Description
The property comprises a communal entrance with entry system, lift access, open plan kitchen and reception, fitted kitchen with integrated appliances, private roof terrace, two bedrooms, family bathroom with shower over bath and plenty of storage space.
The property also benefits from access to a allocated parking in a garage.
Lease: Commenced 2015 with 125-year term
Council Tax Band: Brent Council - C
Gross Internal Area: 818 sq.ft.
FINANCIAL INFORMATION
Property Value = £390,000
Percentage Share = 50%
Share Price = £195,000
*Monthly Rent = £525.92
*Monthly Service Charge = £119.21
**Monthly Mortgage Payment = £1,185
***Annual Household Income = £70,000
*Please note the rent and service charge is reviewed annually 01 April.
** Based on a 90%, 25-year repayment mortgage with an interest rate at 6.5%.
***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200).
Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.
Contact us now to arrange a viewing:
Please call our Sales Team on 0345 606 1221 and providethe following information:
Your Contact Number/Email
Your Hyde New Homes or Help to Buy reference number**
Your Deposit for the mortgage
If it is a Single/Joint application (if married it must be joint)
Your Current salary (single/Joint where applicable)
Do you have any children? If so, how many?
Do you own any pets? If so, what?
Are you a current homeowner?
**To obtain a Hyde New Homes Reference number, choose ‘My Hyde’ to register/login on our website and complete the online application. A reference number will be emailed to you once the application is completed.
Please know you may be asked additional information to determine your eligibility, affordability, and your priority as a candidate.
We often receive a high level of interest and aim to respond to enquiries within 3 working days. Please call our sales team if you haven't heard from us within this time.
Key Features
LOCAL AREA INFORMATION
- The Apartments are in a great location, close to entertainment and convenient public transport including Stonebridge Park and Harlesden stations.
- Wembley Stadium and Wembley Arena is a 10-minute drive away.
- Portobello Road Market is approx. 3.6 miles away and the Olympia Exhibition Centre approx. 5 miles from the property.
- Stonebridge Practice and Stonebridge Primary School is less than a 5-minute walk away.
Particulars
Tenure: Leasehold
Council Tax Band: C
Property Downloads
Floor Plan Brochure Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £390,000, £19,500 Min Deposit. Calculated using a representative rate of 4.24%
