keaze logo

Somerston House (Ref GEN4)

Shared ownership

24 St Pancras Way, Camden, NW1 0NY

For sale
Photo of Somerston House (Ref GEN4)
Photo of Somerston House (Ref GEN4)
Photo of Somerston House (Ref GEN4)
Photo of Somerston House (Ref GEN4)
Photo of Somerston House (Ref GEN4)
Photo of Somerston House (Ref GEN4)
Photo of Somerston House (Ref GEN4)
Photo of Somerston House (Ref GEN4)
Live from space album cover

1 bedroom flat

BRIEF OVERVIEW

First floor, 1 bedroom home in the London borough of Camden for £106,250 (25% share price of £425,000 full market price), available through Shared Ownership.

------------------------------------------------------------------------------------------

SPECIFICATION

Floor
First

GIA
48 sqm

EPC rating
B

Length of lease
115 Years Remaining

Parking
No

Pets allowed
No

Number of bathrooms
1

------------------------------------------------------------------------------------------

AFFORDABILITY

Full Market Price: £425,000

Share Percentage: 25%

Equity Price: £106,250
--------------------------------------------------------------------------------…

Features

Bedrooms1
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£106,250

with min. deposit

£10,625

25% Share from
£106,250
Full market price
£425,000
Minimum deposit
£10,625
Monthly rent
£696
Monthly service charge
£101.39
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.

Similar properties

Matcham Court N8 7FQ
Shared ownership

Matcham Court N8 7FQ

Miles Road, London

1

1

Minimum deposit

£19,125

45% Share from

£191,250

Full price

£425,000

Wells Way - Southwark
Shared ownership

Wells Way - Southwark

Wells Way, London

2

1

Minimum deposit

£21,250

50% Share from

£212,500

Full price

£425,000

Carney Place (Ref: 1138)
Shared ownership

Carney Place (Ref: 1138)

Coldharbour, London

1

1

Minimum deposit

£8,500

40% Share from

£170,000

Full price

£425,000