Shared Ownership
This superb modern home is available to buy from as little as £164,000 with a 40% share!
Offered for sale with no onward chain and benefiting from an allocated parking space, this 3rd floor apartment has accommodation including an open plan lounge/kitchen/diner with dual aspect windows and access to a private balcony, two double bedrooms (en suite to bedroom one) and a family bathroom.
Set within UB6, the property is ideally positioned for a wide range of local amenities. Greenford offers a great mix of everyday convenience and lifestyle appeal, with nearby supermarkets, independent shops, cafés and restaurants all within easy reach. For green open space, residents can enjoy the likes of Ravenor Park and Horsenden Hill, providing excellent spots for walking, leisure and outdoor activities, while nearby retail parks add further choice for shopping and dining.
The area is particularly well connected, making it an excellent choice for commuters. Greenford Station (Central Line and National Rail) is within close proximity, offering direct access into Central London, while the A40 provides swift road links in and out of the city. A range of local bus routes further enhance connectivity, ensuring convenient travel across West London and beyond.
PRICING & AFFORDABILITY
Full Market Value: £410,000
40% Share Price: £164,000 (rent £781.14pcm)
Minimum 5% Mortgage Deposit (40% share): £8,200
Approximate Service Charges: £234.09pcm*
Lease: 987 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 £410,000 and a purchaser would not need to meet the eligibility criteria listed above.
