Shared Ownership
This superb modern home is available to buy from as little as £100,000 with a 25% share!
A well proportioned first floor apartment benefiting from a unique private wrap-around balcony and situated in a sought-after location and just a short walk from Uxbridge train station and the town centre. The property features a spacious open plan kitchen/reception room extending over 23ft with direct access onto the generous private balcony. The kitchen benefits from handle-less high gloss cabinetry with soft close drawers and quartz worktops. Fitted with premium Smeg appliances including hob, extractor, fan assisted oven, fridge/freezer, washer/dryer, and dishwasher. There are two bedrooms along with a modern family bathroom and useful internal storage. The residents also have access to a large communal roof terrace and there is a lift in the block.
Situated in a convenient location, the property benefits from easy access to a range of local amenities. Uxbridge town centre is within close proximity, offering an array of shops, restaurants, cafés and leisure facilities, as well as The Pavilions Shopping Centre. The area also enjoys nearby green spaces including Fassnidge Park and the scenic Grand Union Canal, perfect for walks and outdoor activities.
The property is well connected for commuters, with Uxbridge Underground Station (Metropolitan and Piccadilly lines) providing direct links into Central London. There are also excellent road connections via the A40, M40 and M25, along with good access to Heathrow Airport. Local bus routes further enhance connectivity across the surrounding areas.
PRICING & AFFORDABILITY
Full Market Value: £400,000
25% Share Price: £100,000 (rent £889.55pcm)
Minimum 5% Mortgage Deposit (25% share): £5,000
Approximate Service Charges: £189.18pcm*
Lease: 119 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.
