1 bedroom apartment for sale
143 Townmead Road, Fulham, SW6 2RJ
Share percentage 25%, full price £575,000, £14,375 Min Deposit.
Share percentage 25%, full price £575,000, £14,375 Min Deposit
Monthly Cost: £1,894
Rent £989,
Service charge £192,
Mortgage £713*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Homes at Chelsea Botanica will be offered with first priority being given to those currently living and/or working in the London Borough of Hammersmith & Fulham. You may be eligible for this property if you are at least 18 years old, your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property.
Summary
A collection of Shared Ownership homes with spectacular residents' amenities including a Peloton-equipped gym and a communal garden designed with Royal Botanic Gardens, Kew | Launching 19 July
Description
Shared Ownership cost breakdown - 25% share example
- Full market value = £575,000
- 25% share price = £143,750
- Deposit required = £14,375
- Estimated monthly mortgage = £690pcm
- Estimated monthly rent = £898pcm
- Estimated monthly service charge = £223pcm
- Estimated total monthly cost = £1,870
Shared Ownership is a government-backed part buy, part rent scheme that helps you to purchase a home that otherwise may not have been affordable. Through Shared Ownership, you can purchase a ‘share’ of a home, typically between 25% and 75%, and pay rent on the remaining amount. Then, over time, you can purchase more shares all the way up to 100%, or simply sell your home on the open market.
What's more, your deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable when compared to buying a home outright.
Register your interest or search “Peabody New Homes Shared Ownership” to find out more.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
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: n/a
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 £575,000, £14,375 Min Deposit. Calculated using a representative rate of 4.42%
