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£418,750
Two/three bedroom flat with private garden on the Duchy Estate
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
SHARED OWNERSHIP
Full Market Value - £625,000
You Pay (67%) - £418,750
Monthly Rent - £227.54
Monthly Service Charge - £125.68
Annual Ground Rent - N/A
Council Tax Band: E
189 year lease commenced in March 1996 (159 years remaining)
The main reception room in this apartment features a bay window and open fireplace. Behind this is a double bedroom and then following down the hallway, find a family bathroom with shower cabinet, basin and WC, then a single bedroom. The kitchen it fitted with a range of floor and wall cupboards and includes an integrated oven, hob and extractor, with spaces for white goods. to the very rear of the property is the third bedroom, a double, currently used as a home office and which has a door to a small decked area leading down steps into a mature private garden.
As part of the Duchy of Cornwall scheme, the rent paid on the unowned share of the property is unusually low. Please note that the maximum share that you can own on this Estate is 80% .
Chester Way is a tree-lined residential street occupying a central location just moments from transport links. Conveniently located for Kennington Park, the Imperial War Museum and the amenities of Kennington and Oval.
There are a selection of bars, pubs, restaurants and shops nearby, as well as the green open space of Kennington Park. Transport links can be found only moments away via Kennington Undergound (Northern line) or a short walk to Vauxhall Station where there is both the overground and underground. There are also numerous bus links (day and night) to neighbouring boroughs and into the City.
The area is also well served by a selection of well-regarded local primary and secondary schools, making it a practical location for families.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £74,110 If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered the property for our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of March 2026.
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