1 bedroom apartment for sale
161 Elliott Avenue,, Ruislip, HA4 9UA
Share percentage 50%, full price £295,000, £14,750 Min Deposit.
Share percentage 50%, full price £295,000, £14,750 Min Deposit
Monthly Cost: £1,293
Rent £361,
Service charge £187,
Mortgage £745*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Eligibility Criteria for Shared Ownership
To qualify for a Shared Ownership home, there are a few key requirements you need to meet:
- Age: You must be at least 18 years old.
- Income: If you live outside of London, your total household income must be less than £80,000 per year. In London, the income cap is £90,000 per year.
- Property Ownership: You cannot currently own another home. Shared Ownership is mainly for first-time buyers, but if you do own a property (in the UK or abroad), you need to be in the process of selling it.
- Affordability: You should not be able to afford to buy a suitable home on the open market.
- Financial History: You must have a good credit history, with no outstanding debts or County Court Judgements (CCJs), and show that you can afford the payments and costs involved.
- Deposit & Costs: Typically, you’ll need a deposit of 5-10% of the share you're purchasing and access to around £4,000 to cover additional costs like legal fees and surveys, although this figure can vary.
Who Gets Priority for Shared Ownership?
Shared Ownership is available to anyone who meets the eligibility criteria, including first-time buyers, people looking to move up, downsize, or relocate. While there are no priority groups in areas where Shared Ownership homes are in short supply, military personnel and former members of the Armed Forces (discharged within the last two years) are given priority under government schemes.
In some cases, local authorities may require that applicants who live or work in the area be given preference, depending on local planning policies.
Affordability & Eligibility Check
Each applicant will need to complete an affordability and eligibility check with an independent mortgage advisor. Once you submit an enquiry, we will send you a link to start this process.
Summary
Modern One Bedroom Apartment Available Now
Description
This 1 bedroom apartment shared ownership ground floor apartment is perfectly positioned next to local amenities and excellent transport links, this one bedroom ground floor apartment offers modern interiors throughout, and off-street residents parking.
The apartment comprises of a good size reception room, one double bedroom, a modern bathroom and a stylish kitchen complete with an integrated appliance's and plenty of storage space.
Externally the property benefits from well-maintained communal gardens, residents parking
Elliott Court is conveniently situated close to Ruislip High Street where a vast array of shops, restaurants and coffee houses can be found. For the commuter, the Metropolitan & Piccadilly line at Ruislip station offers swift and regular connections to Baker Street and the City.
Viewings available now.
Key Features
Key Features:
- Under floor electric heating throughout the property
- One double bedroom, with fitted wardrobe and space for storage Carpeted
- Modern fitted kitchen with built-in oven, hob, and extractor fan. Integrated Dishwasher, fridge/freezer. Freestanding washing machine.
- Bright living area
- Modern fitted bathroom with tiled flooring
- Additional storage in hallway
- Audio door entry system for added security
- Allocated on street parking available
- Direct access to communal Garden
- Council Tax Band: C
- Leasehold tenure: 113 Years remaining on the lease
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Map
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Yes
Dishwasher: Yes
Fridge/Freezer: Yes
Parking: Yes - Allocated
Outside Space/Garden: Yes - Communal Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Electric
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 50%, full price £295,000, £14,750 Min Deposit. Calculated using a representative rate of 4.59%
