2 bed Flat For Sale £135,000
***shared ownership - 50% share offered and up to 100% available***
Purplebricks are happy to bring this warm and welcoming, two bedroom shared ownership apartment to the market. This home benefits from a recent lease extension, garage, off street parking and communal outdoor garden space.
The property comprises of an open plan living room/kitchen, two bedrooms and a family bathroom. The garage is integral to the building and parking available in a numbered bay just opposite.
The property will also be sold with no onward chain.
Location
Waterside is a peaceful residential road just off High Road in Uxbridge, with an excellent choice of bus services running in the direction of Uxbridge station, Heathrow Airport, Hayes, Southall, Ealing, Acton and Shepherds Bush. Uxbridge station also provides regular underground services via the Metropolitan and Piccadilly lines.
Locally there are a variety of amenities with Stockley Park golf course, Brunel University, Heathrow Airport, Stockley Park business centre, Hillingdon Hospital and Uxbridge Town centre all within a short drive/bus journey. Uxbridge offers a fantastic variety of fine dining and casual restaurants, entertainment including bars, nightclubs and a cinema, while Intu Uxbridge shopping centre and the high street provide an assemblage of popular brand shops, cafés and banks for that retail therapy. The M4/M25/A40 and M40 are all close by creating easy links to London and The Home Counties.
Nearby schools include; St Mary's Catholic Primary School (Outstanding), Whitehall Junior and infants school, John Locke Academy (Outstanding), Bishopshalt School (Outstanding), Vyners School and many more.
Crossrail!
The Crossrail (Elizabeth) Line and will run a fantastic non-stop service to destinations such as Heathrow Airport (8 mins), Bond Street (23 minutes*), Paddington, Canary Wharf, and Liverpool Street just 20 minutes*, 37 minutes* and 31 minutes* respectively, which almost halves their current journey times!
Property along the Crossrail route have already seen huge growth and properties in West Drayton have seen one of the highest growth patterns when compared with other Crossrail sites and are still expected to see further increase when the line becomes fully operational (expected and on track for end of Q2 2022).
Shared Ownership
The property is on sale for £135,000 which is a 50% share of a property worth £270,000.
Future staircasing is possible, meaning additional shares in the property can be purchased, or eventually can be purchased outright.
Popular shared ownership questions;
Q) Who owns the other 50%?
A) a2dominion
Q) How long is the lease?
A) The lease will be 163 years.
Q) How much is the rent?
A) £209 pcm, evaluated yearly.
Q) How much is the service charge?
A) Included with the above rent figure of £209, including buildings insurance and ground rent.
Q) Can I buy more shares?
A) Yes, either now or once you own the property if decided at a later date.
Q) Will the rent go down if I buy more shares?
A) Yes, it is evaluated during the staircasing process and will likely reduce in proportion to the share not owned.
Q) Can anyone buy a shared ownership?
A) Not everybody, the property can not be bought for investment or be rented out and you must not own another property. It is possible to sell your current home and buy this, you do not have to be a first time buyer.
Q) Do I have to earn a certain amount to be eligible?
A) As long as you earn less than £90,000 per annum (solely or jointly if buying alone or with a partner) you will be eligible.
Q) Is it easy to re-sell a shared ownership home?
A) Yes, it's usually very easy as the homes are usually very affordable and realistically priced. There is a little more paperwork involved and it can take a few weeks longer in some cases, but the process in buying/selling a shared ownership isn't very complicated.
Q) Do I need a specific mortgage to buy a shared ownership home?
A) Many lenders offer shared ownership mortgages and they will need to know that it's a shared ownership home that you wish to buy, as the products are different and the rates can vary. It's worth speaking to a whole market mortgage broker, let us know if you wish to speak to one so we can make sure you get the right mortgage advice.
Disclaimer For Virtual Viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
Purplebricks are happy to bring this warm and welcoming, two bedroom shared ownership apartment to the market. This home benefits from a recent lease extension, garage, off street parking and communal outdoor garden space.
The property comprises of an open plan living room/kitchen, two bedrooms and a family bathroom. The garage is integral to the building and parking available in a numbered bay just opposite.
The property will also be sold with no onward chain.
Location
Waterside is a peaceful residential road just off High Road in Uxbridge, with an excellent choice of bus services running in the direction of Uxbridge station, Heathrow Airport, Hayes, Southall, Ealing, Acton and Shepherds Bush. Uxbridge station also provides regular underground services via the Metropolitan and Piccadilly lines.
Locally there are a variety of amenities with Stockley Park golf course, Brunel University, Heathrow Airport, Stockley Park business centre, Hillingdon Hospital and Uxbridge Town centre all within a short drive/bus journey. Uxbridge offers a fantastic variety of fine dining and casual restaurants, entertainment including bars, nightclubs and a cinema, while Intu Uxbridge shopping centre and the high street provide an assemblage of popular brand shops, cafés and banks for that retail therapy. The M4/M25/A40 and M40 are all close by creating easy links to London and The Home Counties.
Nearby schools include; St Mary's Catholic Primary School (Outstanding), Whitehall Junior and infants school, John Locke Academy (Outstanding), Bishopshalt School (Outstanding), Vyners School and many more.
Crossrail!
The Crossrail (Elizabeth) Line and will run a fantastic non-stop service to destinations such as Heathrow Airport (8 mins), Bond Street (23 minutes*), Paddington, Canary Wharf, and Liverpool Street just 20 minutes*, 37 minutes* and 31 minutes* respectively, which almost halves their current journey times!
Property along the Crossrail route have already seen huge growth and properties in West Drayton have seen one of the highest growth patterns when compared with other Crossrail sites and are still expected to see further increase when the line becomes fully operational (expected and on track for end of Q2 2022).
Shared Ownership
The property is on sale for £135,000 which is a 50% share of a property worth £270,000.
Future staircasing is possible, meaning additional shares in the property can be purchased, or eventually can be purchased outright.
Popular shared ownership questions;
Q) Who owns the other 50%?
A) a2dominion
Q) How long is the lease?
A) The lease will be 163 years.
Q) How much is the rent?
A) £209 pcm, evaluated yearly.
Q) How much is the service charge?
A) Included with the above rent figure of £209, including buildings insurance and ground rent.
Q) Can I buy more shares?
A) Yes, either now or once you own the property if decided at a later date.
Q) Will the rent go down if I buy more shares?
A) Yes, it is evaluated during the staircasing process and will likely reduce in proportion to the share not owned.
Q) Can anyone buy a shared ownership?
A) Not everybody, the property can not be bought for investment or be rented out and you must not own another property. It is possible to sell your current home and buy this, you do not have to be a first time buyer.
Q) Do I have to earn a certain amount to be eligible?
A) As long as you earn less than £90,000 per annum (solely or jointly if buying alone or with a partner) you will be eligible.
Q) Is it easy to re-sell a shared ownership home?
A) Yes, it's usually very easy as the homes are usually very affordable and realistically priced. There is a little more paperwork involved and it can take a few weeks longer in some cases, but the process in buying/selling a shared ownership isn't very complicated.
Q) Do I need a specific mortgage to buy a shared ownership home?
A) Many lenders offer shared ownership mortgages and they will need to know that it's a shared ownership home that you wish to buy, as the products are different and the rates can vary. It's worth speaking to a whole market mortgage broker, let us know if you wish to speak to one so we can make sure you get the right mortgage advice.
Disclaimer For Virtual Viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
