- 1 Bedroom
- 65% share available
- Call 0203 815 1234 to book your appointment.
Ground floor one bedroom home in the London borough of Lambeth for £250,250 (65% share of £385,000 full market price) available through Shared Ownership.
Monthly Mortgage**: £1265.75
Monthly Rent: £323.83
NHHO Service Charge*: £274.58
Council Tax: £157.75
Estimated Total (per month): £1864.16 (excluding council tax)
*Service Charge payable to Notting Hill
**Estimate: The monthly mortgage is based on an interest rate of 4.5 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage the rent may increase each year, the increase calculation will be specified in the lease
£250,250 (65% share price of £385,000)
- Small private patio
Kitchen/lounge, bedroom, bathroom with WC and hallway
Small private patio
66 sq. m
Length of lease
You will need to be earning a guidance income of £67,777. You will need access to savings of at least £4000 to cover the cost of buying the home. A minimum 10% deposit approx. £25,025 Total approximate savings required £29, 025. Cash purchases will also be accepted.
Important borough specific eligibility criteria
Priority will go to applicants with a connection to Lambeth but all applicants can apply.
This property is restricted to persons aged 55 years and over.
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.
Details correct as at 19/09/2018
|Number of Beds||1|
|Full market price||£385,000|
|Ownership||65% share available|
|Guidance household income||£67,777|
Location and local area
West Norwood Station (450 m)