2 bedroom apartment for sale
Packham Mews, Pears Road, Hounslow, TW3 1AQ
Share percentage 45%, full price £410,000, £18,450 Min Deposit.
Share percentage 45%, full price £410,000, £18,450 Min Deposit.
Monthly Cost: £1,742
Rent £599,
Service charge £207,
Mortgage £936*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
An attractively-presented flat on the first floor of a modern development which is located on a quiet cul-de-sac between Pears Road and Inwood Park. The property has a twenty-four-foot, semi-open-plan kitchen/reception room featuring sleek, handle-less units and integrated appliances. A door leads out onto a west/south-west-facing balcony. There is a main bedroom with fitted wardrobe and high-spec, en-suite shower room plus a generously-sized second double bedroom and a family bathroom. Storage/utility cupboards have been provided in the entrance hallway and the energy-efficiency rating is very good, thanks to well insulated walls, modern double glazing and gas central heating. The flat comes with use of a parking space plus access to the communal cycle store and communal garden. Packham Mews is also just a short walk from Hounslow East Station for Piccadilly Line services. The Treaty Shopping Centre is close by and Ofsted list three primary schools and a secondary within a half-mile radius, all rated either 'Good' or 'Outstanding'.
SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £410,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/4rpe5v92]
(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 (125 years from 29/09/2017).
Minimum Share: 45% (£184,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £599.07 per month (subject to annual review).
Service Charge: £206.92 per month (subject to annual review).
Guideline Minimum Income: Dual - £62,300 | Single - £71,800 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Hounslow. 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).
Key Features
- Guideline Minimum Deposit £18,450
- Guideline Income £62.3k (dual) | £71.8k (single)
- First Floor with Balcony
- Approx. 791 Sqft Gross Internal Area
- Bathroom plus En-Suite Shower Room
- Modern Double Glazing and Gas Central Heating
- Parking Space, Communal Garden, Bike Store
- Short Walk from Hounslow East Station
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
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 45%, full price £410,000, £18,450 Min Deposit. Calculated using a representative rate of 4.64%