2 bedroom apartment for sale
Lido House, Northfield Avenue, Ealing, W13 9LD
Share percentage 40%, full price £370,000, £14,800 Min Deposit.
Share percentage 40%, full price £370,000, £14,800 Min Deposit.
Monthly Cost: £1,639
Rent £661,
Service charge £231,
Mortgage £747*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A well-presented apartment which features a reception room with open-plan kitchen and windows facing west and south-west towards Dean Gardens and the Northfield Avenue Allotments. There is a good-sized main bedroom, a smaller second double bedroom and a spacious bathroom. Lido House has a communal terrace and is just minutes from West Ealing Station for Elizabeth Line services through central London or out to Heathrow or Reading. Northfields (Piccadilly Line) and Ealing Broadway Station are also within comfortable walking distance or a short bus ride. The charming green spaces of Walpole Park are nearby and there are a variety of local shops plus Ealing Broadway Shopping Centre in easy reach.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £370,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://bit.ly/3qQ2jXZ]
(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: A2Dominion.
Tenure: Leasehold (currently 99 years from 2006, 26-year extension in progress).
Minimum Share: 40% (£148,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £661.24 per month (subject to annual review).
Service Charge: £231.33 per month (subject to annual review).
Guideline Minimum Income: Dual £57,300 | Single £65,900 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Ealing. 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). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £14,800
- Guide Minimum Income £57.3k Dual £65.9k Single
- First Floor (building has a lift)
- Approx. 682 Sqft Gross Internal Area
- Open-Plan Reception/Kitchen
- Fitted Storage in Both Bedrooms
- Communal Terrace and Cycle Store
- Minutes from West Ealing Station
Particulars
Tenure: Leasehold
Lease Length: 107 years
Council Tax Band: D
Property Downloads
Floor Plan BrochureMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 40%, full price £370,000, £14,800 Min Deposit. Calculated using a representative rate of 4.59%