Shared Ownership
This superb modern home is available to buy from as little as £133,000 with a 35% share!
Situated on the first floor of the modern Dolomite Court development, this well presented apartment features a spacious open living and dining space which flows into a stunning kitchen/breakfast area and has direct access to a private balcony. There are two generously proportioned bedrooms, a contemporary family bathroom and useful built-in storage. The apartment also benefits from an allocated parking space.
Dolomite Court enjoys a convenient position within the popular Arla Place development in South Ruislip, offering an excellent selection of everyday amenities within easy walking distance. Nearby facilities include supermarkets, independent shops, cafés and restaurants, while the wider area provides leisure facilities, a cinema and a choice of green spaces. Ruislip's established town centre offers further shopping and dining opportunities, making this an attractive location for professionals, couples and families alike.
For commuters, South Ruislip station is approximately five minutes' walk away, providing Central line Underground services into Central London alongside Chiltern Railways connections. Additional transport options are available from nearby Ruislip Gardens, while local bus services connect surrounding neighbourhoods. Motorists benefit from convenient access to the A40, linking with the M40 and M25 motorway networks.
PRICING & AFFORDABILITY
Full Market Value: £380,000
35% Share Price: £133,000 (rent £935.58pcm)
Minimum 5% Mortgage Deposit (35% share): £6,650
Approximate Service Charges: £145.32pcm*
Shared Ownership Lease: 115 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.
** This home can also be purchased outright (100% of the value) which is £380,000 and a purchaser would not need to meet the eligibility criteria listed above.
