- 1 Bedroom
- 40% share available
- Viewing Sunday 22 April. Call 0203 815 1234 to book your appointment.
Ground Floor one bedroom home in the London borough of Lambeth, available to buy through Shared Ownership. Full market value £410,000, 40% share available, share price £164,000.
Monthly Mortgage*: £871.84
Monthly Rent: £431.10
NHHO Service Charge**: £100.00
Notting Hill Administration Fee: £13.50
Council Tax: £109.17
Estimated Total (per month): £1,416.44 excluding council tax
** Service Charge payable to Notting Hill Home Ownership
The monthly mortgage is based on an interest rate of 4.59 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
£164,000 (40% share of £410,000)
The flat has its own entrance door from the street.
Ground Floor Flat
Entrance hall, living room/kitchen, bedroom, bathroom/WC.
47sqm – 506sqft
F General needs
Length of lease
You will need to be earning a guidance income of £51,043. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £16,400. Total approximate savings required £20,400.
Important borough specific eligibility criteria.
Lambeth Pan London priority will go to apps who live or work in Lambeth.
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 17/04/2018
|Number of Beds||1|
|Full market price||£410,000|
|Ownership||40% share available|
|Guidance household income||£51,044|
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
Stockwell (0.75 km)