Share percentage 25%, full price £340,000, £8,500 Min Deposit
Monthly Cost: £1,185
Rent £584,
Service charge £172,
Mortgage £429*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Contemporary 1 bedroom apartment for Shared Ownership at The One Hundred, Alperton. NOW 50% SOLD!
Description
Discover The One Hundred
The One Hundred is a contemporary collection of stylish 1, 2 & 3 bedroom apartments, available to buy through Shared Ownership. The vibrant new waterside community situated in Alperton on the road to Wembley. NOW 50% SOLD!
This aspirational development offers an ideal location where life can flourish and thrive. Whether you want to stay connected to the hustle and bustle of the city or enjoy a tranquil residency in the canal side neighbourhood, The One Hundred is 100% you.
What is Shared Ownership?
The Guinness Homes Shared Ownership scheme is another way to buy your home. You buy a percentage, pay rent on the rest and pay a service charge. Guinness Homes owns part of it – but you’re living there, you decorate it and decide when to sell. If you can afford the re-calculated monthly repayments required (as assessed by us), you can even carry on buying further shares to own it 100%.
If you have any questions about shared ownership in Alperton then get in touch with us on 020 3819 0000.
DON'T MISS OUT
- Applications Open - Ready to Move In!
- From 25% Share with Deposits from 5%
- £99 reservation fee - Lowest on the market*
Information Info:
- Full purchase price: £340,000
- 25% share price: £85,000
- Monthly rent based on 25% share: £584.38
- Monthly service charge: £171.85
- Minimum share initially available: 25%
- Maximum share initially available: 75%
- Staircasing to 100% allowable
- Tenure: Leasehold
- Years remaining on lease: 990 years
- Council tax band: TBC new build
Please note: A financial advisor or mortgage broker can confirm if you can afford less than the advertised share (still between 25-75%), then we can approve your Shared Ownership recommended share, provided you meet other eligibility requirements.
*Correct as of October 2024, a survey conducted of over 137 providers of Shared Ownership revealed that Guinness Homes has the lowest payable reservation fee publicly available on websites and/or other marketing materials at £99 per Shared Ownership home. Prima Group require volunteer service instead of a reservation fee. Guinness Homes is a trading name of The Guinness Partnership Limited.
Key Features
- 4th floor, one bedroom apartment
- Private balcony
- Open plan living, dining & kitchen area
- Symphony kitchen
- Integrated Zanussi kitchen and utility appliances
- Landscaped communal rooftop gardens
- Size: 48.3m2
- Quick transport links from Stonebridge Park & Alperton tube station
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document Floor Plan Brochure Energy CertificateMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £340,000, £8,500 Min Deposit. Calculated using a representative rate of 4.59%
