Shared Ownership in Isleworth, London 1 bedroom Flat

  • £315,000

    Equity share: 45% / £141,750

Fairbanks House, Samuelson Place
For Sale Shared Ownership

Shared Ownership in Isleworth, London 1 bedroom Flat

Fairbanks House, Samuelson Place
  • £315,000

    Equity share: 45% / £141,750

Property Overview

  • Flat
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom

Property Description

Shared Ownership

This superb modern home is available to buy from as little as £141,750 with a 45% share!

Built by the highly-regarded Shanly Homes in 2017 is this spacious first floor home. Just a short walk from both Isleworth train station & Hounslow East underground, Fairbank House is perfectly situated just off London Road, offering a large selection of shops, restaurants and local amenities with easy access to the A4/M4 providing excellent routes into and out of the city centre.

This well presented first floor apartment has accommodation that features an open plan lounge/kitchen/diner with doors opening to a private balcony, a spacious double bedroom and bathroom. The owner currently leases a parking space direct from the developer and a new contract can be set up for a new owner if required.

PRICING & AFFORDABILITY

Full Market Value: £315,000

45% Share Price: £141,750 (rent £517.62pcm)
Minimum 5% Mortgage Deposit (% share): £7,088
Approximate Service Charges: £120 pcm*
Shared Ownership Lease: approx. 118 years
Council Tax Band: C

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 £315,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property Address

Open on Google Maps
  • Address Fairbanks House, Samuelson Place
  • City Isleworth
  • County London
  • Postal Code TW7 4FL

Details

Updated on June 13, 2024 at 10:32 am
  • Property ID: MS-125577
  • Rental Amount Per Month: £518/Month
  • Bedroom: 1
  • Bathroom: 1
  • Property Type: Flat
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 120
  • Value Of The Equity Share: 45% / £141,750
  • Overall Property Value: £315,000
  • Tenure: Leasehold
  • Council Tax Band: C
  • Length of Lease: 118

Contact SOWN about: Shared Ownership in Isleworth, London 1 bedroom Flat

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