Share Price £89,250 (from 30% Min. Share)

Full Value £297,500 | £4,463 Min. Deposit

Scheme: Shared Ownership

Under offer

Midland House - 1 bed apartment in Hillingdon

place Station Road, UB7 7BT

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Bright brand new one-bedroom apartment with balcony


Eligibility

There are some general eligibility requirements that anyone wishing to buy a Shared Ownership home must meet:

-You must be at least 18 years old.
-Your annual household income must be less than £90,000.
-You cannot own another home, or you must be in the process of selling it.
-You should not be able to afford to buy a home suitable for your housing needs on the open market.
-Other lenders restrictions will apply.
-You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
-You should have appropriate savings relating to the property you're interested in.
-In most cases you will also need to have enough savings or be able to easily access a minimum 5-10% of the equity share you are buying, as a deposit.
-Finally: You should always check the eligibility required with the Sales Agent.


Description

-PLOT 35-

One bedroom apartment on the second floor with a unique layout including an open plan kitchen/living/dining area with double doors leading to a private balcony, a spacious master bedroom, bathroom and hallway storage.

Reserve today for only £99 and receive your service charges paid for a whole year!

Reserve a new home at Midland House in West Drayton for just £99* and we’ll also pay your service charge fees for the first 12 months from the date you move in, saving you up to £1,770.**. That’s the equivalent of:- £70 pw food shop for 2 for 25 weeks.

*non refundable reservation fee. **Taken off total purchase price on completion. The figure is based on the most expensive service charge on a currently available property. Eligibility and affordability conditions apply.


Key Features

Rest each knowing your home is 'move-in ready' with the following as standard:

Kitchen

-Modern kitchen featuring high-gloss handleless units with an upstand matching the worktop.

-Integrated Zanussi fridge freezer

-Zanussi electric over & hob

-Zanussi washer dryer

Bathroom

-Modern bathroom suite with fittings

-Heated chrome tower rail

-Thermostatic shower

General

-Carpeted living area and bedrooms

-Video door entry system

-Children's playground onsite

-Landscaped courtyard

To take a three dimensional tour of this property click here:https://my.matterport.com/show/?m=r4hNqSheMeN


Download Documents

Property brochure 1

Accessibility

D – Easy Access

Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 89,250
Min. £89,250
Share percentage
Min. 30%
Your deposit
Min. £4,463
Monthly cost*
£1,014
Cost breakdown
£477
Rent
£106
Service charge
£431
Mortgage*
Calculated using a representative rate of 3.64%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.