2 bedroom apartment for sale
Dock Meadow Reach, Hanwell, London, W7 2QN
Share percentage 50%, full price £435,000, £21,750 Min Deposit.
Share percentage 50%, full price £435,000, £21,750 Min Deposit.
Monthly Cost: £1,902
Rent £598,
Service charge £206,
Mortgage £1,098*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This large and smartly-presented flat is on the first floor and has a dual-aspect reception room with doors that lead out onto a rear (south-east) facing balcony. The spacious, semi-open-plan kitchen features sleek units and integrated appliances. The two bedrooms are comfortable doubles, there is a stylish bathroom and a generously-sized entrance hall with built-in storage/utility cupboards. Well insulated walls, triple glazing and a modern gas central heating system make for a very good energy-efficiency rating. Dock Meadow Reach has a children's play area and the local primary school and secondary school are both Ofsted-rated 'Outstanding'. The flat comes with use of an allocated parking space and is also within walking distance, or brief cycle ride, of Boston Manor Station (Piccadilly Line) and Hanwell Station (Elizabeth Line).
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £435,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/3sv8z26k]
(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 25/12/2010).
Minimum Share: 50% (£217,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £598.36 per month (subject to annual review).
Service Charge: £206.18 per month (subject to annual review).
Guideline Minimum Income: Dual - £69,900 | Single - £80,700 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Ealing. 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 £21,750
- Guide Min Income Dual £69.9k | Single £80.7k
- First Floor (building has a lift)
- Approx. 850 Sqft Gross Internal Area
- Dual Aspect Reception Room
- Very Good Energy-Efficiency Rating
- Balcony
- Secure Underground Parking Space
Particulars
Tenure: Leasehold
Lease Length: 111 years
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 50%, full price £435,000, £21,750 Min Deposit. Calculated using a representative rate of 4.59%