Shared Ownership
This superb modern home is available to buy from as little as £90,000 with a 30% share!
A well-presented one-bedroom apartment offering approximately 513 sq ft of thoughtfully arranged accommodation, set within the modern Botany Court development in Perivale.
The property features a spacious open-plan kitchen/reception room with plenty of room for both living and dining areas, together with direct access onto a private balcony. There is also a well-proportioned double bedroom, bathroom and useful entrance hall. The open-plan living space forms the heart of the home, with a fitted kitchen positioned neatly to one side while retaining a generous reception area. The bedroom also benefits from good proportions, while the balcony provides valuable private outside space.
Botany Court is conveniently positioned for local shops and everyday amenities, with Alperton Underground Station approximately 600 metres away, providing Piccadilly Line services, while Perivale and Greenford offer further transport connections. Bricks & Logic The area also provides straightforward access to the A40 and wider West London.
PRICING & AFFORDABILITY
Full Market Value: £300,000
30% Share Price: £90,000 (rent £667.65pcm)
Minimum 5% Mortgage Deposit (30% share): £4,500
Approximate Service Charges: £176.56pcm*
Lease: 987 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 £300,000 and a purchaser would not need to meet the eligibility criteria listed above.
Council Tax Band C
