Shared Ownership
This superb modern home is available to buy from as little as £96,000 with a 40% share!
Situated on the ground floor, this spacious apartment features a generous 22ft open-plan kitchen/living room, creating a bright and sociable living space perfect for both everyday living and entertaining. There are two excellent double bedrooms together with a modern family bathroom. Externally is allocated parking.
Phoenix Court enjoys a convenient position in Lower Feltham, with a wide range of local shops, cafés and supermarkets all within easy reach. Feltham town centre is close by, offering further retail, leisure and dining options, while nearby green spaces including Hanworth Park and Bedfont Lakes Country Park provide excellent opportunities for walking and recreation.
The property is well placed for commuters, with Feltham railway station providing regular services into London Waterloo. Excellent road links via the A316, M3 and M25 make travel across London and the South East straightforward, while Heathrow Airport is only a short drive away, making this an ideal location for both commuters and frequent travellers.
PRICING & AFFORDABILITY
Full Market Value: £240,000
40% Share Price: £96,000 (rent £519.30pcm)
Minimum 5% Mortgage Deposit (40% share): £4,800
Approximate Service Charges: £248.52 pcm*
Lease: 105 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 £240,000 and a purchaser would not need to meet the eligibility criteria listed above.
