The Artisan, Ruscus Court, 4 Hermitage Lane, Hampstead, NW2 2FT
Type C, 4 Hermitage Lane, The Artisan, Ruscus Court, NW2 2FT
Shared Ownership Apartment
Only 4 one-bedroom Shared Ownership apartments available and 1 are of this layout:
Flat 13 can be found on the fourth floor, is 50.8m2/546.8ft2 and comprises a great-sized bedroom, open-plan kitchen/living area, ample storage, the main bathroom and a private balcony.
Full Market Value: £525,000
Shares available from 25%: £131,250
Rent*: £656 per month
*Calculated at 2% for one-bedroom apartments per annum of the value of the share that you do not initially buy.
Please note this is a car-free development and residents will not be able to apply for a permit.
Lease length: 250 years (from 2021)
Council tax is due from the day of legal completion even though the banding may not yet be confirmed, please bear this in mind and make the necessary arrangements. When the property banding is confirmed, it will be listed on the following page: https://www.gov.uk/council-tax-bands or email [email protected]
Estimated Annual Service Charge: £1,872
Service Charge Review Period: Yearly
Ground Rent: £0
Eligibility for Shared Ownership
In order to be eligible to purchase a Shared Ownership house or apartment, there are several general criteria you must meet:
You must be at least 18 years’ old with a clean credit history
Your annual household income must be less than £90,000 in London, or £80,000 outside of London
You’re a first-time buyer, a previous homeowner that cannot afford to buy one now, or an existing shared homeowner
You must not be in mortgage or rent arrears, demonstrate a good credit history and be in a position to afford the regular payments
Find out what you can afford
Unsure of how much you can afford to borrow towards the purchase of a home? Use our Affordability Calculator below to receive an assessment* of how much you’re likely to be able to borrow based on your income.
*Help to Buy: Equity Loan
- London Boroughs: 40%
- Outside of London: 20%