2 bedroom apartment for sale
16 St Pancras Way, Camden, London, NW1 0QH
Share percentage 50%, full price £625,000, £31,250 Min Deposit.
Share percentage 50%, full price £625,000, £31,250 Min Deposit
Monthly Cost: £2,441
Rent £673,
Service charge £190,
Mortgage £1,578*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A rare opportunity to purchase a shared ownership apartment in such an enviable location. The beautifully-presented property is on the fourth floor and has been redecorated by the current owners. Updated features include an attractive new kitchen and a bathroom with large-format, bianco carrara style wall and floor tiles. There are two spacious double bedrooms and the apartment faces rearwards, overlooking Regent's Canal. Well insulated walls, modern double glazing and gas central heating make for a very good energy-efficiency rating. Camden Road (London Overground) and Camden Town (Northern Line - both branches) are the nearest stations plus King's Cross and St. Pancras International are only a short walk away offering an exceptional array of destinations. A wide variety of places to eat out can be found in the local area and the green spaces of Regent's Park and Primrose Hill are also within easy reach.
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £625,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://bit.ly/3l0Tckz]
(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: A2Dominion.
Tenure: Leasehold (125 years from 31/08/2007).
Minimum Share: 50% (£312,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £673.49 per month (subject to annual review).
Service Charge: £189.64 per month (subject to annual review).
Guideline Minimum Income: Dual £86,300 (based on minimum share and 20% deposit £62,500) | Single £90,000 (minimum share, 30% deposit £93,750).
Council Tax: Band D, London Borough of Camden. Priority is given to applicants living and/or working in this local authority.
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 Dual Income £86.3k 20% deposit £62.5k
- Guide Single Income £90k 30% deposit £93.8k
- Fourth Floor (building has a lift)
- Approx. 658 Sqft Gross Internal Area
- Views Over Grand Union Canal
- Camden Road/Town Stations Nearby
- Regent's Park within Easy Reach
- Short Walk to King's Cross/St Pancras Int.
Particulars
Tenure: Leasehold
Lease Length: 107 years
Council Tax Band: D
Property Downloads
Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: No
Year property was built: Enquire with provider
Unit size: Enquire with provider
Communal lift: Yes
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 50%, full price £625,000, £31,250 Min Deposit. Calculated using a representative rate of 4.59%