1 bedroom apartment for sale
Bradley House, 95 Heath Road, TW1 4DH
Share percentage 50%, full price £285,000, £7,125 Min Deposit.
Share percentage 50%, full price £285,000, £7,125 Min Deposit.
Monthly Cost: £1,522
Rent £489,
Service charge £221,
Mortgage £812*
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 £285,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This superb modern home is available to buy from as little as £142,500 with a 50% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £142,500 with a 50% share!
Situated on the second floor and within walking distance of Strawberry Hill Train Station is this one bedroom apartment, being offered to the market with no onward chain. The accommodation includes a lounge/diner with juliette balcony and access through to a fitted kitchen. There is a double bedroom and bathroom.
Bradley House is just a short walk from Twickenham Station and is on the door step of local shops, restaurants and pubs that Twickenham has to offer. The River Thames is less than a 10 minutes walk and there is a bus stop less than 1 minute from the apartment offering easy links to Richmond underground, overground and mainline links to Waterloo and central London.
PRICING & AFFORDABILITY
Full Market Value: £285,000
50% Share Price: £142,500 (rent £488.96pcm)
Minimum 5% Mortgage Deposit (% share): £7,125
Approximate Service Charges: £220.75pcm*
Shared Ownership Lease: approx. 99 years (being extended by the current owner as part of the sale)
Council Tax Band: C
Key Features
Modern Shared Ownership home
No onward chain
Less than 1 mile from Strawberry Hill Station
Second floor apartment
Extended lease
Close to the River Thames
Particulars
Tenure: Leasehold
Lease Length: 99 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 50%, full price £285,000, £7,125 Min Deposit. Calculated using a representative rate of 5.26%
