- 1 Bedroom
- 42% share available
- Viewing Wednesday 27 June 2018. Call 0203 815 1234 to book your appointment.
A ground floor studio/one bedroom home in the London borough of Kensington & Chelsea for £184,800, 42% share of £440,000 full market price, available through Shared Ownership.
Monthly Mortgage: £934.70*
Monthly Rent: £200.17
Service Charge: £59.00**
Notting Hill Administration Fee: £13.50
Council Tax: £84.42
Estimated Total (per month): £1,007.20 excluding council tax
** Service Charge payable to Notting Hill Home Ownership
The monthly mortgage is based on an interest rate of 4.99% with a capital and interest repayment over 25 years. It is based on a 10 % mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
£184,000 (42% share price of £440,000)
- Communal gardens
Front door, entrance lobby, living room, bathroom with door to storage closet and door to bathroom 2 with panelled bath and shower over, wash hand basin and close coupled WC, kitchen
42 sq.m/492 sq. ft.
F- General Housing
Length of lease
955 years plus a share of the freehold
Royal Borough of Kensington & Chelsea
You will need to be earning a guidance income of £36,296. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx.£18,480. Total approximate savings required £22,480
Important borough specific eligibility criteria
Royal Bourough of Kensington & Chelsea
This property will only be offered to applicants with a connection to RBK&C borough for a minimum of eight weeks.
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.
Details correct as at 06/06/2018
|Number of Beds||1|
|Full market price||£440,000|
|Ownership||42% share available|
|Guidance household income||£36,296|
this development is provided by Notting Hill Sales
Notting Hill Sales is the trading name of Notting Hill Home Ownership and related companies.
Location and local area
Ladbroke Grove Station (1.2km)
Kensal Green (2 km)