This superb modern home is available to buy from as little as £78,750 with a 25% share!
Situated on the first floor of the modern Redmond House development, this one bedroom apartment offers contemporary living accommodation. The property features a spacious open plan reception room with a fitted kitchen and providing direct access to a private balcony. The generously proportioned double bedroom offers comfortable accommodation and benefits from a useful built-in storage cupboard, while a modern bathroom and additional hallway storage complete the layout.
Redmond House enjoys a convenient position in the heart of Hounslow, with an excellent selection of shops, supermarkets, cafés, restaurants and everyday amenities within easy reach. Hounslow town centre provides a vibrant mix of high street retailers and leisure facilities, including the Treaty Centre, while nearby green spaces such as Lampton Park offer opportunities for outdoor recreation and relaxation.
The development is particularly well positioned for commuters, with Hounslow Central Underground Station providing Piccadilly line services towards Heathrow Airport and Central London. Hounslow railway station also offers connections towards London Waterloo, while excellent local bus services and convenient access to the A4, M4 and M25 provide further travel options across London and the surrounding areas.
PRICING & AFFORDABILITY
Full Market Value: £315,000
25% Share Price: £78,750 (rent £601.08pcm)
Minimum 5% Mortgage Deposit (25% share): £3,937.50
Approximate Service Charges: £90.49pcm*
Shared Ownership Lease: 241 years remaining
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.
