1 bedroom apartment for sale
Hanworth Road, TW13 5AF
Share percentage 25%, full price £350,000, £4,375 Min Deposit.
Share percentage 25%, full price £350,000, £4,375 Min Deposit.
Monthly Cost: £1,177
Rent £603,
Service charge £75,
Mortgage £499*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
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 £350,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This superb home is available to buy from as little as £87,500 with a 25% share!
Description
Shared Ownership
This superb home is available to buy from as little as £87,500 with a 25% share!
Located within walking distance to Feltham Mainline Station (Zone 6) which serves London Waterloo in 29 minutes and with numerous bus routes available within walking distance, this magnificent ground floor conversion apartment was completed in 2023 and comes with a 998 year lease remaining. Heathrow Airport, the M3, M4 and M25 are all within easy access making Hanworth Road an ideal location for commuters.
Being offered to the market with no onward chain, the accommodation comprises a spacious, open plan 35ft lounge/kitchen/diner with doors that open onto a large, private terrace, a double bedroom that also has the same access to the terrace, a well appointed bathroom suite and ample storage.
PRICING & AFFORDABILITY
Full Market Value: £350,000
25% Share Price: £87,500 (rent £603 pcm)
Minimum 5% Mortgage Deposit (% share): £4,375
Approximate Service Charges: £75 pcm*
Shared Ownership Lease: approx. 998 years
Council Tax Band: C
Key Features
Shared Ownership conversion apartment
Ground floor with a private terrace
No onward chain
Long lease
Short walk to Feltham train station
Easy access to Heathrow Airport
Particulars
Tenure: Leasehold
Lease Length: 998 years
Council Tax Band: C
Property Downloads
Floor PlanMap
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 25%, full price £350,000, £4,375 Min Deposit. Calculated using a representative rate of 5.26%
