We are pleased to bring to the market this 1 bedroom Apartment Shared Ownership Properties. It is situated in London, Greater London and is available now

This superb modern apartment is available to buy from as little as £118,750 with a 25% share!

This Spacious one bedroom ground-floor apartment benefits from a large, secure allocated underground parking space and a private patio. The apartment comprises an open-plan living space with a dining area, kitchen, and lounge, a double bedroom and modern bathroom. The property also benefits from access to beautiful communal gardens and an on-site concierge service 7 days per week 7 am-7 pm.

Nearby Chiswick High Road is popular amongst local residents for an abundance of restaurants, bars and prestige shops. A short walk over the river, you can stroll for miles along the water’s edge, or watch life float by from one of the many historic pubs overlooking the river. Stations within walking distance include Chiswick Station (15 minutes) (Overground) and Turnham Green Station (15 minutes) (District & Piccadilly Line).

PRICING & AFFORDABILITY

Approximate Size 609 sq ft

Full Market Value: £475,000

25% Share Price: £118,750 (rent £835.35 pcm)
Minimum 5% Mortgage Deposit (25% share): £5,937.50
Approximate Service Charges: £388.58 pcm*
Shared Ownership Lease: approx. 119 years
Council Tax Band: E

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.

** This home can also be purchased outright (100% of the value) which is £475,000 and a purchaser would not need to meet the eligibility criteria listed above.