Shared Ownership
This superb modern home is available to buy from as little as £81,250 with a 25% share!
A well-presented one-bedroom apartment situated within the modern Printworks Apartments development on Press Road in Neasden. The property offers contemporary accommodation comprising a bright open-plan kitchen and living area, a well-proportioned double bedroom and a modern bathroom, with the added benefit of a private balcony providing useful outside space, plus an allocated parking space.
The development is positioned close to the Welsh Harp Reservoir and surrounding green spaces, offering attractive opportunities for walking and recreation. Local shops, cafés and everyday amenities can be found around Neasden, while the development also benefits from communal areas.
For transport, Neasden Underground station is approximately 1.2 km away and provides Jubilee line services, while a number of bus stops are located close to Press Road, offering connections across the surrounding area and towards central London.
PRICING & AFFORDABILITY
Full Market Value: £325,000
25% Share Price: £81,250 (rent £774.98pcm)
Minimum 5% Mortgage Deposit (25% share): £4,062.50
Approximate Service Charges: £213.89pcm*
Lease: 119 years
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 £325,000 and a purchaser would not need to meet the eligibility criteria listed above.
Council Tax Band C
