Cowley Road

Studio homes in Lambeth, Lambeth, SW9 6BN

Tenure Shared ownership
What is Shared Ownership?
Availability Available

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

Two bedroom first floor flat, in the London Borough of Lambeth, available to buy through Shared Ownership. Full market value £499,950. 40% share available, share price £199,980.

Monthly fees
Monthly Mortgage*: £1,063.11
Monthly Rent: £631.68
Other Housing Service Charge**: £142.90
Notting Hill Service Charge: £13.50
Council Tax: £109.17

Estimated Total (per month): £1,851.19

*Estimate 
** Service Charge payable to Pinnacle 
The monthly mortgage is based on an interest rate of 4.99% with a capital and interest repayment over 25 years. It is based on a 90% mortgage The rent may increase each year, the increase calculation will be specified in the lease.

 

Ground floor
Communal entrance hall with stairway and lift to upper floors

First floor
Entrance hall with large storage/utility cupboard off; living room/kitchen; two bedrooms; bathroom/W.C.

External
Balcony

GIA
69.6 square metres (749 sqft ) as per RICS valuation

Accessibility rating 
F – General needs

EPC rating
B

Length of lease
96 years

Borough
Lambeth

 

Key Features

  • Balcony
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Cowley Road

Studio homes in Lambeth, Lambeth, SW9 6BN

Tenure Shared ownership
What is Shared Ownership?
Availability Available

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes