2 bedroom apartment for sale
Forest House, Sherwood Close, Ealing, London, W13 9FU
Share percentage 30%, full price £485,000, £14,550 Min Deposit.
Share percentage 30%, full price £485,000, £14,550 Min Deposit
Monthly Cost: £1,777
Rent £929,
Service charge £113,
Mortgage £735*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A two-bedroom apartment on the first floor of this recently-constructed development. The property has an entrance hallway with four built-in storage/utility cupboards. The reception room features attractive flooring and an open-plan kitchen area with integrated appliances. A glazed door leads out onto a balcony which overlooks the communal courtyard. There is a spacious main bedroom with fitted, mirror-fronted wardrobe plus a second, good-sized double bedroom 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. The development is only a short walk from West Ealing Station, for Elizabeth Line plus GWR services. There are Sainsbury's and Waitrose supermarkets nearby, a range of smaller shops along Uxbridge Road and many more amenities within easy reach. The property is held on a 990-year lease.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £485,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/4hvaj7ys]
(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: Clarion.
Tenure: Leasehold (990 years from 24/06/2022).
Minimum Share: 30% (£145,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £929.11 per month (subject to annual review).
Service Charge: £112.63 per month (subject to annual review).
Guideline Minimum Income: Dual - £62,700 | Single - £72,600 (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). There is no parking space offered with this property however permit parking may be available within the Sherwood Close controlled parking zone.
Key Features
- Guideline Minimum Deposit £14,550
- Guide Min Income Dual £62.7k | Single £72.6k
- First Floor (building has a lift)
- Approx. 690 Sqft Gross Internal Area
- Very Good Energy Efficiency Rating
- Balcony Overlooking Communal Courtyard
- Short Walk from West Ealing Station
- Very Long Lease
Particulars
Tenure: Leasehold
Lease Length: 987 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: Yes - 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 30%, full price £485,000, £14,550 Min Deposit. Calculated using a representative rate of 4.59%