2 bedroom apartment for sale
George House, NW6 5BR
Share percentage 25%, full price £600,000, £15,000 Min Deposit.
Share percentage 25%, full price £600,000, £15,000 Min Deposit.
Monthly Cost: £2,197
Rent £1,033,
Service charge £407,
Mortgage £757*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Unusually designed apartment in Queens Park
Description
SHARED OWNERSHIP
Full Market Value: £600,000
Share Value (25%): £ 150,000
Monthly Rent: £ 1,033.18
Service Charge: £ 407.37
Council Tax Band: C
125 year lease commenced June 2012 - 112 years remaining
EWS1 Certification is available for this property - B2 rating - letter of assurance available to confirm no cost to residents
This bright and spacious two bed apartment offers a large dual aspect lounge opening onto a winter garden balcony and a separate kitchen diner. There are two double bedrooms, one with fitted storage. The contemporary bathroom comes complete with a white three-piece suite and additional shower cubicle.
This apartment benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
George House is ideally located, a stones throw from the cafes, restaurants and green open spaces of Salusbury Road, Queen's Park. Local transport links include Queen's Park (Bakerloo Line) and Brondesbury Park (London Overground).
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 £81,475. If you are offered the home, 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 website www.lqhomes.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 of December 2024.
Key Features
- Great location
- Separate kitchen
- Walk-in shower and bath
- Ample storage
- Winter garden balcony
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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
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
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 £600,000, £15,000 Min Deposit. Calculated using a representative rate of 4.59%
