1 bed Flat For Sale £77,500
Shared ownership (Advertised price represents 25% share. Full market value £310,000). This stylish, modern apartment has an open-plan kitchen/reception room with handle-less units, integrated appliances, attractive flooring and a door that leads out onto a balcony overlooking part of the communal grounds. The generously-proportioned property also features a dual-aspect bedroom with fitted wardrobe and a spacious, high-spec bathroom lit by a large window. The energy-efficiency rating is very good, thanks to demanding insulation standards, high performance glazing and underfloor heating supplied by a communal hot water system. A car park includes a space for this apartment and the local roads allow easy access to the M4, M25 and M40. West Drayton Railway Station, for gwr and Elizabeth Line services, is within reasonable walking distance or a short bike/bus ride. Nearby Little Britain Lake and the land surrounding it provide some beautiful, outside space to explore.
Interested parties are required to complete the shared ownership common application form []
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Home Group.
Tenure: Leasehold (125 years from 2018).
Minimum Share: 25% (£77,500).
Shared Ownership Rent: £543.46 per month (subject to annual review).
Combined Service and Management Charge: £160.12 per month (subject to annual review).
Ground Rent: £300.00 for the year.
Guideline Minimum Income: Dual - £34,800 Single - £40,000 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Hillingdon. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Second Floor
Kitchen / Reception Area
14' 0" max. X 11' 8" (4.27m x 3.56m)
Balcony
10' 4" x 2' 8" (3.15m x 0.81m)
Dining Area
13' 3" x 7' 5" (4.04m x 2.26m)
Bedroom
13' 11" max. X 9' 8" max. (4.24m x 2.95m)
Bathroom
9' 8" x 6' 7" (2.95m x 2.01m)
Entrance Hall
15' 6" x 6' 1" (4.72m x 1.85m)
Interested parties are required to complete the shared ownership common application form []
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Home Group.
Tenure: Leasehold (125 years from 2018).
Minimum Share: 25% (£77,500).
Shared Ownership Rent: £543.46 per month (subject to annual review).
Combined Service and Management Charge: £160.12 per month (subject to annual review).
Ground Rent: £300.00 for the year.
Guideline Minimum Income: Dual - £34,800 Single - £40,000 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Hillingdon. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Second Floor
Kitchen / Reception Area
14' 0" max. X 11' 8" (4.27m x 3.56m)
Balcony
10' 4" x 2' 8" (3.15m x 0.81m)
Dining Area
13' 3" x 7' 5" (4.04m x 2.26m)
Bedroom
13' 11" max. X 9' 8" max. (4.24m x 2.95m)
Bathroom
9' 8" x 6' 7" (2.95m x 2.01m)
Entrance Hall
15' 6" x 6' 1" (4.72m x 1.85m)
