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2 bedroom apartment for sale

Available

Marquess House, Lakeside Drive, NW10 7GZ

£120,000 · Shared Ownership Resale

Share percentage 30%, full price £400,000, £12,000 Min Deposit.

Available
2 bedrooms
1 Bathroom
Communal Garden
Floor plan
floor-plan
Floor plan
floor-plan
£120,000 Shared Ownership Resale

Share percentage 30%, full price £400,000, £12,000 Min Deposit.

Monthly Cost: £1,644
Rent £739, Service charge £299, Mortgage £606*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

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Summary

Our Winter Offer: A £1,000 Ikea voucher on completion*. Two bedroom first floor apartment with private balcony and great transport links.

Description

SHARED OWNERSHIP

Full Market Value: £400,000

Share Value (30%): £120,000

Monthly Rent: £739.00

Service Charge: £298.84

Council Tax Band: D

250 year lease commenced July 2021 - 248 years remaining

EWS1 Certification is available for this property - B1 rating

For a limited time, enjoy a £1,000 Ikea voucher to help with your move on this property*

Enter this first floor apartment and see the balcony through a window to your right. the open plan living area also opens onto the balcony. Follow the hallway past the family bathroom and find a large double bedroom and and a smaller double room to your left. The apartment also has a large walk-in store.

The development is very well located within short walking distance of Hanger Lane and Park Royal stations providing an excellent transport link for Central Line and Piccadilly and easy access to the A406, A40, A4 and M4 for the road user.

Nearby Crossrail and Park Royal Stations are just a 6 minute walk away with connections into The City via the Piccadilly line and Hangar Lane station. The Central line is a 10 minute walk away via Hangar Lane where you could be at Westfield London in 8 minutes or Oxford Circus in 22 minutes, while Heathrow Airport is less than half an hour by car.

Local amenities include an onsite salon, barber, dentist, café, supermarket and nursery, while a few minutes' walk away is a new luxury cinema, bars, restaurants, gym and arcade centre. This stunning apartment is perfect for young professionals and city workers who want the perfect balance between the buzz of London life and tranquil green spaces.

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 £52,712. 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 a property in one of our schemes. If you are not registered, please visit our websitelqhomes.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 at August 2024.

*The £1,000 Ikea voucher incentive is available for a limited time on all 2, 3 and 4 bedroom resales properties and is redeemable for any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee, and where the buyer is purchasing a higher share than is being sold. The vouchers (2 x £500) will be supplied within 75 days of completion of the purchase and will be E-Vouchers, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent or L&Q for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other resales shared ownership property.

Key Features
  • Great transport links
  • Good EPC rating
Particulars

Tenure: Leasehold
Lease Length: 248 years
Council Tax Band: D

Property Downloads
Key Information Document Floor Plan Energy Certificate
Virtual Tour
Map
Park Royal (0.30 miles) Hanger Lane (0.45 miles) West Acton (0.91 miles)
Material Information

Total rooms:

Furnished: Enquire with provider

Washing Machine: Enquire with provider

Dishwasher: Enquire with provider

Fridge/Freezer: Enquire with provider

Parking: n/a

Outside Space/Garden: n/a - Communal Garden

Year property was built: Enquire with provider

Unit size: Enquire with provider

Accessible measures: Enquire with provider

Heating: Enquire with provider

Sewerage: Enquire with provider

Water: Enquire with provider

Electricity: Enquire with provider

Broadband: Enquire with provider

Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£120,000
Shared Ownership Resale
Estimated Monthly Cost:£1,644
Rent £739
Service Charge £299
Mortgage £606

Share percentage 30%, full price £400,000, £12,000 Min Deposit. Calculated using a representative rate of 4.59%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.