2 bedroom apartment for sale
94 Chepstow Road, W2 5QP
Share percentage 35%, full price £515,000, £18,025 Min Deposit.
Share percentage 35%, full price £515,000, £18,025 Min Deposit.
Monthly Cost: £2,083
Rent £954,
Service charge £219,
Mortgage £910*
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 £77,000. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £18,025. Total approximate savings required £22,025.
Important borough specific eligibility criteria
Westminster
Applicants must be registered with the Westminster Home Ownership Team
Applicants who live and / or work in Westminster will be prioritised, pan-London applicants will be considered. Westminster will only accept applicants who have registered with the Westminster council directly. You will not be able to book a viewing for this resale without your Westminster reference number. This property will not go to anyone not registered with Westminster 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
Two Bedroom Flat in Notting Hill
Description
The subject property comprises a converted two bedroom flat in a five storey mid terraced former house originally built in circa 1870 which has since been converted into self contained units.
Accommodation:
Entrance Hallway
Two Bedrooms (3.3m max x 2.35m and 2.65m x 2.34m)
Kitchen (2.88m x 2.7m)
Living Room (3.92m x 3.2m)
Bathroom (1.6m x 2.22m)
Gross Internal Floor Area: 43 sqm
Tenure: Leasehold – 125 years from 31st August 2000 – 101.04 years unexpired
Key Features
A highly desirable part of London
~8 Minute walk to Westbourne Park Station
Particulars
Tenure: Not specified
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 35%, full price £515,000, £18,025 Min Deposit. Calculated using a representative rate of 4.59%
