1 bedroom flat for sale

SHARED OWNERSHIP

This Apartment is available to buy for as little as £132,500 for a 50% share.

Offered to the market is this well presented one bedroom, second floor apartment located on the eastern side of Hospital Bridge Road.

The accommodation comprises of an entrance hall with ample storage space, good size double bedroom, bathroom and a large open plan kitchen/living room.

This property further benefits from a Juliet balcony in the bedroom, allocated residents parking, access to communal grounds and lockable bike shed. This apartment is convenient for local shops, Whitton and Hounslow centre, and all local amenities.

PRICING AND AFFORDABILITY

Full market value: £265,000
Rent (50% share): £380 pcm
Service charge: £75 pcm
Lease: Approx. 110 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 £80,000
• 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.

* This home can also be purchased outright (100% of the value) which is £265,000 and a purchaser would not need to meet the eligibility criteria listed above.