Coomassie Road - NH2D
2 Coomassie Road, London, W9 3BW
For sale
Shared ownership
Live from space album cover

Local Transport Westbourne Park – 0.5miles Royal Oak – 1 mile Warwick Avenue -  1.1miles Maida Vale – 1mile...

Register interest

from £124,000 with min. deposit £12,400
Overview

Raised ground floor 1-bedroom home in the London borough of Westminster for £124,000 at 40% share price of £310,000 available through Shared Ownership.

SPECIFICATION

Raised Ground Floor

Reception, Kitchen, Bedroom and Bathroom with WC.

GIA

31 sqm

Accessibility rating

F

EPC rating

C

Length of lease

66 years

Borough

Westminster

 

Monthly Fees

Monthly Mortgage: £ 627.18

Monthly Rent: £486.09

Service Charge: £ 100 estimated

Admin Fee: £13.50

Council Tax: £672 annually

 

Estimated Total (per month): £1,226.77 excluding council tax

 

*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 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
may increase each year, the increase calculation will be specified in the lease.

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.
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.
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
Similar properties
Braunston House (Ref: 1006)
Shared ownership
Braunston Hatton Road, Wembley
1
1
Minimum depositTBD
40% Share from£124,000
Full price£310,000
Jasmine House (NHG:7)
Shared ownership
Juniper Drive, London
1
1
Minimum deposit£12,400
40% Share from£124,000
Full price£310,000
Cedar Avenue
Shared ownership
Meliss Avenue, Richmond
1
1
Minimum deposit£6,200
40% Share from£124,000
Full price£310,000