Franklin House
£132,500 for a 25% share
Property description
Balcony / Long term lease / Good EPC rating
Property address
Franklin House, London NW6 5BZ, London, NW6 5BZ
2 
1 Shared Ownership
Shared Ownership
Full Market Value: £ 530,000
Share Value (25%): £ 132,500
Monthly Rent: £ 1,033.18
Service Charge: £ 360.69
Council Tax Band: C
125 year lease commenced January 2013 - 114 years remaining
EWS1 - EWS1 Certification is available for this property - B1 rating
L&Q welcomes you to view this two bedroom, third floor apartment.
This bright and spacious two bed apartment consists of a stylish open-plan kitchen and living area leading to private balcony. This apartment has two storage cupboard spaces within the hallway. The kitchen is fitted with white wall and base units complete with a wood effect worktop. The kitchen also benefits from integrated appliances including a oven, hob, extractor fan and dishwasher. Two double bedrooms, one with floor length windows creating a bright and airy space. The bathroom comes complete with a white three-piece suite and additional shower cubicle.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Carlton Vale is ideally situated for easy access to Kilburn High Road, Maida Vale and Queens Park for a number of local shops, cafés, restaurants, Paddington Recreational Ground and transport links.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £76,530. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of August 2024
This is an indication of how much these apartments might cost.
For more detailed information please register your interest in this property.
| Minimum Full Market Value | £530,000 |
|---|---|
| Minimum Share Percentage | 25% |
| Minimum Share Value | £132,500 |
| Monthly Service Charge | £361 |
| Minimum Deposit | £13,250 |
Carlton Vale is ideally situated for easy access to Kilburn High Road, Maida Vale and Queens Park for a number of local shops, cafés, restaurants, Paddington Recreational Ground and transport links.
Others
- Balcony