2 bedroom apartment for sale
William Gattie House, 106 Lillie Road, London, SW6 7SR
Share percentage 40%, full price £625,000, £25,000 Min Deposit.
Share percentage 40%, full price £625,000, £25,000 Min Deposit.
Monthly Cost: £2,207
Rent £745,
Service charge £200,
Mortgage £1,262*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A rare chance to buy a shared-ownership property in such a central and desirable location. The smartly-presented, south-east-facing flat is on the first floor of an attractive, modern building with gated forecourt. Internal features include a large reception room with open-plan kitchen area, a spacious main bedroom plus a good-sized second double bedroom and a simple, white-tiled and naturally-lit bathroom. The flat comes with bike storage and residents of the block can make use of the communal roof terrace. West Brompton, for London Overground and District Line services, is the nearest station and just a short walk away. West Kensington is only a couple of minutes further and offers access to other District Line routes plus the Elizabeth Line. Fulham Broadway provides an additional transport option, along with a range of shops and other amenities. Ofsted list seven (state) schools within a half-mile radius that are rated either 'Good' or 'Outstanding'.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £625,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://bit.ly/3RJI2SY]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Shepherds Bush Housing Association.
Tenure: Leasehold (125 years from 17/06/2011).
Minimum Share: 40% (£250,000).
Shared Ownership Rent: £744.71 per month (subject to annual review).
Service Charge: £199.56 per month (subject to annual review).
Guideline Minimum Income: Dual - £83,000 (based on minimum share and 10% deposit) | Single - £88,500 (minimum share, 20% deposit).
Council Tax: Band E, London Borough of Hammersmith & Fulham.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.
Key Features
- Guide Min Income Dual £83k (10% 25k Deposit)
- Guide Min Income Single £88.5k (20% 50k Deposit)
- First Floor
- Approx. 824 Sqft Gross Internal Area
- Two Good-Sized Double Bedrooms
- Bike Storage
- Communal Roof Terrace
- Great Range of Local Amenities
- West Brompton for District Line/London Overground
- West Kensington for District/Elizabeth Lines
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: E
Property Downloads
Floor Plan BrochureMap
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 40%, full price £625,000, £25,000 Min Deposit. Calculated using a representative rate of 4.59%