Franklin House, , NW6 5BZ
Summary
Balcony, good EPC rating, long lease.
Eligibility
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
Description
*** If you would like to arrange a viewing for this property please click to register your interest. If you have an eligible Shared Ownership application with L&Q, you will be sent the sellers contact information to arrange a viewing ***
Shared Ownership
Full Market Value: £ 517,000
Share Value (25%): £ 129,250
Monthly Rent: £ 1,119.55
Service Charge: £ 356.51
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 £76,126. 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 March 2026.
Local area information
- Kilburn Park Underground Station (0.3km)
- Maida Vale Underground Station (0.6km)
- Kilburn High Road Rail Station (0.6km)
- Queen's Park Underground Station (0.8km)
- Queens Park (London) Rail Station (0.8km)
- Warwick Avenue Underground Station (1.2km)
- Westbourne Park Underground Station (1.3km)
- St. John's Wood Underground Station (1.4km)
- South Hampstead Rail Station (1.5km)
- Royal Oak Underground Station (1.5km)
- Brondesbury Park Rail Station (1.5km)
- Brondesbury Rail Station (1.6km)
- West Hampstead Underground Station (1.6km)
- West Hampstead Rail Station (1.7km)
- Kilburn Underground Station (1.8km)
- Swiss Cottage Underground Station (1.8km)
- West Hampstead Thameslink Rail Station (1.8km)
- Kensal Rise Rail Station (1.9km)
- Paddington (H&C Line)-Underground (1.9km)
- Finchley Road Underground Station (1.9km)
Disclaimer
Monthly cost calculator
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable.