2 bedroom apartment for sale
Lancaster Road, W11 1QT
Share percentage 25%, full price £800,000, £20,000 Min Deposit.
Share percentage 25%, full price £800,000, £20,000 Min Deposit
Monthly Cost: £2,015
Rent £857,
Service charge £148,
Mortgage £1,010*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £75,807. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £20,000. Total approximate savings required £24,000.
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.
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
Two bedroom second floor flat in Kensington and Chelsea available through shared ownership - 25% share available for £200,000- Full value -£800,000
Description
Accommodation:
Ground Floor:
Security Door, Entrance Hall, Communal Hall, Stairs and Lift to:
2nd Floor Flat
Entrance Hall with storage unit/utility cupboard
Living Room/Kitchen, with door to
Bedroom 2
Bedroom 1
Bathroom/WC
Floor Area: 72sqm
Outside:
On Site Parking (3 spaces on a first come first served basis)
On street resident permit only -8.30am-7.30pm
Key Features
The property comprises a well proportioned 2nd floor 2 bedroom flat within a 3 storey infill purpose block, totalling 17 flats, with off road parking to the front. The property is within a popular and sought after residential area comprising a mix of period properties.
Particulars
Tenure: Not specified
Council Tax Band: D
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Communal
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 25%, full price £800,000, £20,000 Min Deposit. Calculated using a representative rate of 4.59%
