Shared Ownership in Greenford, Uxbridge 2 bedroom Flat

  • £495,000

    Equity share: 35% / £173,250

Cerulean House, 450 Oldfield Lane North
For Sale Shared Ownership

Shared Ownership in Greenford, Uxbridge 2 bedroom Flat

Cerulean House, 450 Oldfield Lane North
  • £495,000

    Equity share: 35% / £173,250

Property Overview

  • Flat
  • Property Type
  • 2
  • Bedrooms
  • 2
  • Bathrooms

Property Description

Shared Ownership

This superb modern home is available to buy from as little as £173,250 with a 35% share!

Situated on the 5th floor and within ½ mile of Greenford Train Station and Underground with direct links into central London is this spacious home. Being offered to the market with no onward chain, the accommodation includes an open plan lounge/kitchen/diner with doors to a private balcony, two double bedrooms (bedroom 1 with en suite), bathroom and allocated underground parking. At Cerulean House, residents will also have access to concierge, gym and a roof top garden.

Just a 13 minute walk to Central Line’s Greenford station with fast connections to Central London, the City and Canary Wharf, eighteen-minute walk to Piccadilly Line’s Sudbury Hill Station, and a short walk from Horsenden Park Nature Reserve.

PRICING & AFFORDABILITY

Full Market Value: £495,000

35% Share Price: £173,250 (rent £549.05pcm)
Minimum 5% Mortgage Deposit (5% share): £8,663
Approximate Service Charges: £438.44pcm*
Shared Ownership Lease: approx. 993 years
Council Tax Band: D

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £495,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property Address

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  • Address Cerulean House, 450 Oldfield Lane North
  • City Greenford
  • County Uxbridge
  • Postal Code UB6 0GH

Details

Updated on June 17, 2024 at 11:06 am
  • Property ID: MS-125660
  • Rental Amount Per Month: £549/Month
  • Bedrooms: 2
  • Bathrooms: 2
  • Property Type: Flat
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 438.44
  • Value Of The Equity Share: 35% / £173,250
  • Overall Property Value: £495,000
  • Tenure: Leasehold
  • Council Tax Band: D
  • Length of Lease: 993

Contact SOWN about: Shared Ownership in Greenford, Uxbridge 2 bedroom Flat

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