2 bedroom flat for sale

Shared Ownership

Discover modern living in this well presented sixth floor apartment located in the heart of TW8, offering spacious and versatile living space. The property boasts a spacious open plan kitchen/living area, flooded with natural light from large windows, and featuring direct access to a private balcony; the perfect spot for al fresco dining or relaxation. The kitchen area is equipped with contemporary fittings, ample storage, and integrated appliances.

The apartment includes two generously proportioned double bedrooms. A sleek bathroom and a welcoming hallway complete the accommodation, ensuring functionality and comfort throughout. Additional benefits include an allocated parking space and a long lease.

Situated in the vibrant TW8 area, this apartment is conveniently located for excellent transport links and local attractions. Brentford Station (South Western Railway) is approximately 0.5 miles away, offering swift access to London Waterloo in under 30 minutes. For underground services, Boston Manor Station (Piccadilly Line) is just 1.2 miles away, providing direct connections to central London and Heathrow Airport.

The area is well-served by shops, cafes, and restaurants, with the nearby Brentford Lock and Grand Union Canal offering scenic walks and a sense of tranquillity. Residents also benefit from proximity to Syon Park, perfect for outdoor activities and relaxation, while the bustling Chiswick High Road is just a short drive away for an array of boutique shopping and dining options.

PRICING & AFFORDABILITY

Full Market Value: £540,000

37% Share Price: £199,800 (rent £559.46 pcm)
Minimum 5% Mortgage Deposit (37% share): £9,990
Approximate Service Charges: £288.31 pcm*
Shared Ownership Lease: approx. 119 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.

* This home can also be purchased outright (100% of the value) which is £540,000 and a purchaser would not need to meet the eligibility criteria listed above.