Shared Ownership
This superb modern home is available to buy from as little as £234,000 with a 60% share!
Situated just a short walk from Uxbridge Tube Station within this modern development built in 2019, is this impressive second floor apartment presented in excellent condition throughout. The accommodation comprises two well appointed bedrooms, a modern bathroom, and an open plan kitchen/living space with doors to a large winter garden spanning the width of the apartment. A further impressive feature of this apartment includes access to a communal rooftop garden space.
Uxbridge is a well equipped town for residents and visitors alike. There are various shopping centres providing a range of amenities, shops, and cafes. Entertainment facilities include a cinema and the Uxbridge Theatre. Uxbridge is well connected by the London Underground (Metropolitan and Piccadilly lines), providing quick access to central London and there a various bus routes offering local and regional services.
PRICING & AFFORDABILITY
Full Market Value: £390,000
60% Share Price: £234,000 (rent £628.79 pcm)
Minimum 5% Mortgage Deposit (60% share): £11,700
Approximate Service Charges: £280.17 pcm*
Shared Ownership Lease: approx. 118 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 £80,000
• 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 £390,000 and a purchaser would not need to meet the eligibility criteria listed above.
