1 bedroom apartment for sale
Freedom House, Brownlow Road, London, W13 0FW
Share percentage 30%, full price £400,000, £12,000 Min Deposit.
Share percentage 30%, full price £400,000, £12,000 Min Deposit.
Monthly Cost: £1,500
Rent £734,
Service charge £160,
Mortgage £606*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A spacious one-bedroom apartment on the fifth floor of this recently-constructed development. The well-presented property has a twenty-three-foot reception room with wood flooring and an attractive, open-plan kitchen area featuring handle-less units and integrated appliances. A glazed door leads out onto a west/south-west-facing balcony. There is a fitted wardrobe in the generously-sized bedroom, a large hallway storage/utility cupboard and a stylish bathroom. Well insulated walls, high performance glazing and a communal heating/hot water system all contribute towards a very good energy-efficiency rating. There is a wide range of shops on the local high street and supermarkets, including a Sainsbury's and a Waitrose, nearby. West Ealing Station, for Elizabeth Line and GWR services, is only a short walk away plus Northfields Station (Piccadilly Line) can be reached on foot or via brief bus or bike ride. The apartment is held on a very long lease.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £400,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/yc3dwhkk]
(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: Metropolitan Thames Valley Housing.
Tenure: Leasehold (990 years from 01/04/2019).
Minimum Share: 30% (£120,000).
Shared Ownership Rent: £733.77 per month (subject to annual review).
Service Charge: £159.66 per month (subject to annual review).
Guideline Minimum Income: Dual - £50,900 | Single - £58,300 (based on minimum share and 10% deposit).
Council Tax: Band C, 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). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £12,000
- Guide Min Income Dual £50.9k | Single £58.3k
- Fifth Floor (building has a lift)
- Approx. 570 Sqft Gross Internal Area
- Very Good Energy-Efficiency Rating
- Balcony plus Communal Roof Terrace
- Short Walk from West Ealing Station
- Very Long Lease
Particulars
Tenure: Leasehold
Lease Length: 985 years
Council Tax Band: C
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 30%, full price £400,000, £12,000 Min Deposit. Calculated using a representative rate of 4.59%