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1 bedroom apartment for sale

Available

84 Southern Row, North Kensington, W10 5JS

£140,000 Shared Ownership Resale

Share percentage 25%, full price £560,000, £14,000 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£140,000 Shared Ownership Resale

Share percentage 25%, full price £560,000

Monthly Cost: £1,323

Rent £465, Service charge £151, Mortgage £707*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
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Summary

A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis through Clarion Housing

Description

A great chance to buy a shared-ownership apartment in North Kensington. This smartly-presented property is on the second floor of a modern development and has a twenty-three-foot, dual-aspect reception room with attractive, open-plan kitchen featuring sleek, white units, contrasting worktops and integrated appliances. A door leads out onto a good-sized balcony. There is a spacious bedroom, a simple, modern bathroom and a large storage/utility cupboard has been provided in the entrance hallway. Well insulated walls, high performance glazing and a communal heating/hot water system contribute towards a very good energy-efficiency rating. Ladbroke Grove (Hammersmith & City and Circle Lines) is the nearest station plus Kensal Green (Bakerloo and London Overground) is also in comfortable walking distance. Portobello Road is within easy reach.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £560,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/y6enh6pc]

(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: Clarion.
Tenure: Leasehold (125 years from 01/08/2015).
Minimum Share: 25% (£140,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £465.31 per month (subject to annual review).
Service Charge: £151.31 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £44,500 | Single - £50,800 (based on minimum share and 10% deposit).
Council Tax: Band C, Royal Borough of Kensington & Chelsea. 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
  • Guideline Minimum Deposit £14,000
  • Guide Min Income Dual £44.5k | Single £50.8k
  • Second Floor (building has a lift)
  • Approx. 521 Sqft Gross Internal Area
  • Open Plan Kitchen/Reception Room
  • Very Good Energy Efficiency Rating
  • Balcony
  • Short Walk from Ladbroke Grove Station
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Ladbroke Grove (0.59 miles) Kensal Green (0.59 miles) Westbourne Park (0.63 miles)
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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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£140,000
Shared Ownership Resale
Estimated Monthly Cost:£1,323
Rent £465
Service £151
Mortgage £707

Share percentage 25%, full price £560,000, £14,000 Min Deposit. Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Disclaimer
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.