1 bedroom apartment for sale
Jupiter House, 14 Apple Grove, HA2 0FE
Share percentage 50%, full price £280,000, £7,000 Min Deposit.
Share percentage 50%, full price £280,000, £7,000 Min Deposit.
Monthly Cost: £1,186
Rent £267,
Service charge £121,
Mortgage £798*
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 £280,000 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 £140,000 with a 50% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £140,000 with a 50% share!
This spacious one-bedroom located on the third floor of a modern development built in 2012. The light and airy accommodation provides a double bedroom, fully tiled bathroom, open plan kitchen/living/dining room with a door to a balcony. There is communal parking and bike storage.
The property sits in a tranquil residential area and is close to Rayners Lane, less than a mile away. The underground station is only a 7-minute walk, where the Piccadilly Line can lead to Hammersmith in half an hour, or Piccadilly Circus in less than 50 minutes. Baker Street can be also reached by another station via the Metropolitan Line in under 40 minutes. Road travel is also convenient, thanks to the M40 and the M25, about 20 minutes away depending on traffic. All amenities are nearby, with more pubs, restaurants and shops in Ryners Lane or Harrow.
PRICING & AFFORDABILITY
Full Market Value: £280,000
50% Share Price: £140,000 (rent £266.67pcm)
Minimum 5% Mortgage Deposit (50% share): £7,000
Approximate Service Charges: £121.22 pcm*
Shared Ownership Lease: approx. 114 years
Council Tax Band: A
Key Features
Modern Shared Ownership home
Communal parking
Large double bedroom
Fully tiled bathroom
Living room with balcony
114 year lease
Particulars
Tenure: Leasehold
Lease Length: 114 years
Council Tax Band: A
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 £280,000, £7,000 Min Deposit. Calculated using a representative rate of 5.26%
