Studio apartment for sale
Isokon, Lawn Road, NW3 2XD
Share percentage 50%, full price £430,000, £21,500 Min Deposit.
Share percentage 50%, full price £430,000, £21,500 Min Deposit.
Monthly Cost: £1,561
Rent £368,
Service charge £108,
Mortgage £1,085*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £61,216. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx£21,500. Total approximate savings required£25,500.
Important borough specific eligibility criteria
Camden
Priority will be given to applicants who live and/or work in the borough.
Applicants must be earning under£90,000to 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 apartment in Camden available through Shared Ownership 50% at £215,000.
Description
Internal
- Living space
- Kitchen
- Bathroom with WC
GIA
25sqm
Key Features
The property is a ground floor studio flat within the Grade I listed Isokon Building known for its architectural design. The flat is situated in Belsize Park, North West London.
The flat is approached via a communal garden and is accessed by its own private entrance and provides a delightful 17'4" studio room, an en-suite dressing room/bathroom, and a well-designed separate fitted kitchen.
This flat was lived in by architect and furniture designed Marcel Breuer, in which examples of his work are currently exhibited.
The Isokon building is located along Lawn Road being just a short walk from Belsize Park Underground Station (Northern Line Zone 2), the excellent shopping facilities of both South End Green and Haverstock Hill, and the open spaces of Hampstead Heath.
50% share available. Further shares can be bought to a maximum of an additional 30% bringing the potential total ownership up to 80%.
Further details can be found here:isokongallery.org
Particulars
Tenure: Leasehold
Lease Length: 130 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 50%, full price £430,000, £21,500 Min Deposit. Calculated using a representative rate of 4.59%
