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For Sale
Badge shared ownership
£182,500 (Price)
Full market value: £730,000

The Artisan, Ruscus Court, 4 Hermitage Lane, Hampstead, NW2 2FT

Type D, 4 Hermitage Lane, The Artisan, Ruscus Court, NW2 2FT

Shared Ownership Apartment

Bedrooms: 2
Furnished: No
Reception rooms: 1
New Build: No
Bathrooms: 1
Area: 762 sqft
Description
The Artisan is a boutique development of 31 new homes, just minutes from the green expanse of Hampstead’s famous Heath and the welcome of its established community. Immerse yourself in the heart and soul of North West London with a 1, 2 or 3 bedroom apartment at this remarkable development.

Only 1 two-bedroom Shared Ownership apartment is available:

Flat 12 can be found on the fourth floor, is 70.8m2/762ft2 and comprises 2 great-sized bedrooms, an open-plan kitchen/living area, ample storage, the main bathroom and a private balcony.

Full Market Value: £730,000
Shares available from 25%: £182,500
Rent*: £827per month
*Calculated at 1.5% for two & three-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.

Scheme Information:

Leasehold
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: £2,616
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%
Shared Ownership
*The affordability calculators give you an indication of affordability only. Your initial affordability assessment will need to be completed by an Independent Financial Advisor (IFA).
Register your interest

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