27 Sheldon Square, W2 6DW - studio apartment - available now (contact us now)

Submitted on 7 May 2020 - 11:20

A stunning, first floor studio apartment, with covered balcony, perfectly located in the sought after London borough of Westminster. Right on the Grand Union Canal and just a 16 minute walk from Hyde Park, this property gives easy access to fantastic local amenities, including a variety of bars, restaurants, supermarkets and a gym.

Only 6 minutes from Merchant Square, you can enjoy a host of restaurants and street food stalls or the ornamental gardens of Rembrandt Square, adjacent to Little Venice, is just a 7 minute walk away. For shopping, Oxford Street is only 14 minutes away by tube.

The property is well connected, 0.4 miles from London Paddington station, soon to benefit from Crossrail, 0.4 miles from Warwick Avenue and 0.5 miles from Edgware Road underground stations (Bakerloo line).

Name of Housing Provider:

Notting Hill Genesis

Type of tenure?

Shared Ownership

If Shared ownership, is this opportunity a new build or resale?

Resale

Name of development (if appropriate)

 Sheldon Square

Full address of development (including postcode):

27 Sheldon Square, W2 6DW

Type of property i.e. apartment or house

Studio apartment

Number of units available

1

Eligibility criteria e.g. Is it key worker specific?

No

Does the property have access for people with disabilities?

Accessibility rating of F (general needs). The block has a lift.

Minimum household income required to achieve affordability

Guidance household income of £65,500. The property has leaseholder improvements so buyers will need to have access to sufficient savings to cover their buying costs, mortgage deposit and £22,500 for the improvements.

Maximum Household Income to allow eligibility.

£90,000

Number of bedrooms

Studio

Number of years remaining on lease (if shared ownership or discounted market sale)

84

Minimum % Share Available and any restrictions on staircasing (if applicable)

50%

There is a 70% staircasing restriction

Value Range of properties (min to max)

Full market value of property if resale

£530,000 (including £45,000 of leaseholder improvements)

Value of share offered

£265,000 (PLUS £22,500 of Leaseholder improvements £287,500 in total)

Service Charge

£167.56 (plus additional £13.50 admin fee) pcm

Monthly Rent

£367.97 pcm

Date Available

Immediately