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2 Bourbon Road - ref NH13

Shared ownership

2 BOURBON ROAD, London, SW9 6FR

For sale
Photo of 2 Bourbon Road - ref NH13
Photo of 2 Bourbon Road - ref NH13
Photo of 2 Bourbon Road - ref NH13
Photo of 2 Bourbon Road - ref NH13
Photo of 2 Bourbon Road - ref NH13
Photo of 2 Bourbon Road - ref NH13
Photo of 2 Bourbon Road - ref NH13
Photo of 2 Bourbon Road - ref NH13
Photo of 2 Bourbon Road - ref NH13
Live from space album cover

2 bedroom flat

Third floor 2 bedroom flat in the London borough of Lambeth for £200,000 at a 40% share price of £500,000, available through Shared Ownership.

SPECIFICATION

Third Floor

Hallway, Kitchen, Living room, 2 Bedrooms and Bathroom

External

Private balcony

GIA

70.1sqm

EPC rating

B

Accessibility

F

Length of lease

94 years

Borough
Lambeth

Monthly Fees

*Monthly Mortgage: £1,011.59

Monthly Rent: £ 647.49

Notting Hill Administration Fee: £13.50

Service Charge: £166.45

Estimated Total (per month): £ 1,839.03excluding council tax

*Estimate – The monthly mortgage is based on an interest rate …

Features

Bedrooms2
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£200,000

with min. deposit

£20,000

40% Share from
£200,000
Full market price
£500,000
Minimum deposit
£20,000
Monthly rent
£647
Monthly service charge
£166.45
Notting Hill Genesis

Notting Hill Genesis

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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