2 bed flat for sale

Chapter Road, London NW2

Shared Ownership

This superb modern home is available to buy from as little as £119,000 with a 35% share!

Situated on the first floor of a handsome period conversion on the ever popular Chapter Road, this well proportioned apartment is available with no onward chain. The property features a spacious living room, a separate fitted kitchen, two well sized bedrooms and a family bathroom.

Chapter Road enjoys a superb location in the heart of North West London, with a fantastic selection of local shops, cafés, restaurants and everyday amenities all within easy reach. The vibrant neighbourhoods of Willesden Green, Cricklewood and Queen's Park are close by, offering an excellent mix of independent retailers, supermarkets, leisure facilities and green open spaces. Nearby parks, including Gladstone Park, provide beautiful walking routes, sports facilities and impressive views across the London skyline.

The property is exceptionally well connected for commuters. Dollis Hill Underground Station (Jubilee Line) and Willesden Green Underground Station (Jubilee Line) are both within easy reach, providing fast access into Central London, the West End and Canary Wharf. Cricklewood Station also offers Thameslink services to St Pancras International, Farringdon and beyond. Excellent local bus routes and convenient access to the A406 North Circular Road, A5 and M1.
Pricing & affordability


Full Market Value: £340,000

35% Share Price: £119,000 (rent £399.37pcm)
Minimum 5% Mortgage Deposit (35% share): £5,950
Approximate Service Charges: £113.46pcm*
Lease: Current lease is 62 years but will be extended by 90 years upon completion by the seller to 152 years
Eligibility


Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £340,000 and a purchaser would not need to meet the eligibility criteria listed above.