2 bed Flat For Sale £291,000
Waterfront Heights, 152a Mount Pleasant, Wembley, HA0

SHARED OWNERSHIP (Advertised price represents 60% share. Full market value £485,000). This spacious apartment is on the third floor of a recently-constructed development and features a twenty-two-foot, dual-aspect reception room with a sleek, open-plan kitchen. A door leads from the living area out onto a generously-sized balcony overlooking the Grand Union Canal and Wembley Statium. There is a main bedroom with en-suite shower room plus a second comfortable double bedroom. Both include fitted, full-height wardrobes. The bathroom is simple yet stylish and a large storage/utility cupboard has been provided in the entrance hallway. Well insulated walls and high performance glazing make for a good energy-efficiency rating. The property comes with use of a space within the gated car park plus Alperton Station, for the Piccadilly Line, is close by and Stonebridge Park and Hanger Lane (Central Line) stations are also in walking distance. Wembley Central (Bakerloo, London Overground, Southern and London Northwestern Rail) is also within walking distance or a brief cycle ride.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; ]

(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: Clarion.
Tenure: Leasehold (125 years from 2020).
Minimum Share: 60% (£291,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £473.48 per month (subject to annual review).
Service Charge: £27.07 per month (subject to annual review).
Ground Rent: £300.00 for the year.
Guideline Minimum Income: Dual - £74,700 Single - £86,400 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Brent. 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) without prior permission that is at the discretion of the housing association.

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.