Studio apartment for sale
15 Cornwall Crescent, Kensington, W11 1PH
Share percentage 60%, full price £375,000, £22,500 Min Deposit.
Share percentage 60%, full price £375,000, £22,500 Min Deposit.
Monthly Cost: £1,557
Rent £202,
Service charge £213,
Mortgage £1,142*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £55,496. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £22,500.Total approximate savings required £26,500.
Important borough specific eligibility criteria
Kensington & Chelsea
Priority will be given to those who are currently living and working within Kensington and Chelsea.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Fourth floor, studio flat in the London borough of Kensington and Chelsea for £225,000 (60% share price of £375,000 full market price available through Shared Ownership
Description
This is a one bedroom studio flat in the London Borough of Kensington and Chelseawithin a Victorian period built residential development in Ladbroke Grove, West London.
Internal
- Studio room
- Kitchen
- Bathroom
- Washroom
Gross Internal Area
- 32 sq. m.
Length of lease
960 years
Borough
Kensington and Chelsea
Key Features
This is a one bedroom studio flat in the London Borough of Kensington and Chelsea within a Victorian period built residential development in Ladbroke Grove, West London.
Excellent public transport links available. The nearest underground station is Ladbroke Grove (Circle & Hammersmith & City Lines).
Particulars
Tenure: Leasehold
Lease Length: 960 years
Council Tax Band: Not specified
Map
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 60%, full price £375,000, £22,500 Min Deposit. Calculated using a representative rate of 4.64%
