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Coomassie Road - NH2D

Shared ownership

2 Coomassie Road, London, W9 3BW

For sale
Photo of Coomassie Road - NH2D
Photo of Coomassie Road - NH2D
Photo of Coomassie Road - NH2D
Photo of Coomassie Road - NH2D
Photo of Coomassie Road - NH2D
Photo of Coomassie Road - NH2D
Photo of Coomassie Road - NH2D
Photo of Coomassie Road - NH2D
Live from space album cover

1 bedroom flat

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 …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£124,000

with min. deposit

£12,400

40% Share from
£124,000
Full market price
£310,000
Minimum deposit
£12,400
Monthly rent
£627
Monthly service charge
£100
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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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