Property description
Shared Ownership
This superb modern home is available to buy from as little as £431,250 with a 75% share!
Located approximately 1 mile from Uxbridge centre and Underground Station, this superbly presented mid terrace home features a spacious lounge/dining room at the back of the house with a separate fitted kitchen, a ground floor cloakroom, three bedrooms and a shower room. Externally are 2 allocated parking spaces and an enclosed rear garden.
Uxbridge town centre offers two big shopping centres as well as individual shops and boutiques – plenty of options for a day of retail therapy. The Pavilions shopping centre hosts a weekly crafts market while the Chimes not only provides a section of 80 shops boasting top high street brands, but also a nine-screen Odeon cinema and a choice of restaurants and cafes. Uxbridge Underground is on both the Metropolitan and Piccadilly line. Both the M25 and M40 motorways are within easy access by car and Heathrow Airport is less than 20 minutes’ drive away.
PRICING & AFFORDABILITY
Full Market Value: £575,000
75% Share Price: £431,250 (rent £397.33pcm)
Minimum 5% Mortgage Deposit (75% share): £21,563
Approximate Service Charges: £79.36pcm*
Shared Ownership Lease: approx. 120 years
Council Tax Band: E
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.
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