Studio apartment for sale
11 Hogarth Road, SW5 0QH
Share percentage 25%, full price £350,000, £8,750 Min Deposit.
Share percentage 25%, full price £350,000, £8,750 Min Deposit.
Monthly Cost: £1,068
Rent £281,
Service charge £345,
Mortgage £442*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £29,676. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £8,750. Total approximate savings required £12,750.
Important borough specific eligibility criteria
Royal Borough of Kensington & Chelsea
Only Available to Applicants Living or Working in Kensington and 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.
Summary
Ground Floor studio one-bedroom flat in the London borough of Kensington & Chelsea for 25% share price at £87,500 with full market price of £350,000, available through Shared Ownership.
Description
Ground floor
Entrance Hall
Hallway
Bathroom
Lounge/Bedroom
Kitchen
GIA
25 sqm
Service Charge
Current -£345.11 monthly - which is billed every 6 months.
Shared Ownership Admin Fee
£13.50 per month
Accessibility rating
F
EPC rating
D
Length of lease
88 Years remaining
Borough
Royal Borough of Kensington And Chelsea
Key Features
Service Charge - Current -£345.11 monthly - which is billed every 6 months.
Good local amenities with shops, cafes, parks, and excellent transportation links and schools close by within ¼ mile.
Easy access to Gloucester Road and Kensington High Street.
Particulars
Tenure: Leasehold
Lease Length: 88 years
Council Tax Band: Not specified
Map
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 £350,000, £8,750 Min Deposit. Calculated using a representative rate of 4.59%
