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
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 has now launched.
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 0300 456 0522.
Information Info:
- Now available for applications
- 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
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%
