Shared Ownership
This superb modern home is available to buy from as little as £100,000 with a 25% share!
A well-presented and thoughtfully laid out second-floor apartment offering bright and versatile living space throughout. The property features a spacious open-plan kitchen and reception area, designed to maximise natural light and provide a comfortable setting for both relaxing and entertaining, with direct access to a private balcony.
There are two well-proportioned bedrooms, offering flexibility for a main bedroom, guest room, or home office. The accommodation is further complemented by a modern bathroom and useful internal storage.
Further benefits include an allocated parking space for convenience.
Situated in a convenient and well-connected location, the property benefits from nearby local amenities, transport links, and green spaces
Situated in the popular residential area of Harrow, this property benefits from a wide range of local amenities including shops, cafés, supermarkets and leisure facilities. The area is well served by excellent transport links, with nearby stations such as Harrow & Wealdstone Station and Harrow-on-the-Hill Station providing convenient access into Central London and beyond. A number of well-regarded schools and green open spaces are also within easy reach, making it a desirable and well-connected location.
PRICING & AFFORDABILITY
Full Market Value: £400,000
25% Share Price: £100,000 (rent £949.48 pcm)
Minimum 5% Mortgage Deposit (% share): £5,000
Approximate Service Charges: £203.94 pcm*
Lease: 97 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 £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.
