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1 bedroom apartment for sale

Available

Lowden Road, Southall, UB1 1AU

£56,250 · Shared Ownership Resale

Share percentage 25%, full price £225,000, £5,625 Min Deposit.

Available
1 bedroom
£56,250 Shared Ownership Resale · Eligibility Eligibility

Share percentage 25%, full price £225,000, £5,625 Min Deposit.

Monthly Cost: £819
Rent £377, Service charge £157, Mortgage £285*

Calculated using a representative rate of 4.64%

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Eligibility
You may be eligible for this property if: You must be at least 18 years old. Your annual household income must be less than £90,000 . You are unable to purchase a suitable home to meet your housing needs on the open market. You should generally be a first-time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply. Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Summary

A fantastic 1-bedroom property with private parking available through Shared Ownership in Southall, Ealing.

Description
 
 
Property reference number: 1639114
 
The property is centrally located just a short walk from Southall Station, providing easy access to the Great Western Railway and Elizabeth Line. Local buses also serve the area, offering convenient connections to central London.
 
You'll find a variety of local amenities nearby, including a Sainsburys Local and several other grocery stores. The neighbourhood also boasts an array of shops, bars, and restaurants just a stone's throw away. Within walking distance, you can explore the vibrant Southall Broadway, known for its diverse shopping and dining options.
 
Nearest stations: Southall Station (0.9 mile)
 
Key features:
  • Private bay parking space
  • Communal garden
  • Close to Southall Broadway
What happens after I register my interest?
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk  and our team will be able to help you.

What is Resale Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more. 

Financial information
•    Tenure: Leasehold
•    Remaining lease term: 97 years
•    Annual ground rent amount: £
•    Ground rent review period: No ground rent until final staircasing
•    Annual service charge amount: £1,879.68
•    Service charge review period: Annually
•    Council tax band: B

*Financial information correct as of 23.05.2024 
 
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: B

Property Downloads
Energy Certificate
Map
Southall (0.72 miles) Hayes and Harlington (1.74 miles) Hanwell (2.06 miles)
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Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£56,250
Shared Ownership Resale
Estimated Monthly Cost:£819
Rent £377
Service Charge £157
Mortgage £285

Share percentage 25%, full price £225,000, £5,625 Min Deposit. Calculated using a representative rate of 4.64%

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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.