1/20
£143,750
Chelsea Botanica is a new collection of 1-bedroom Shared Ownership apartments located on the doorstep of some of south west London's best-loved areas.
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.
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 = £1,901
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.
