Share Price £135,000 (from 50% Min. Share)

Full Value £270,000 | £13,500 Min. Deposit

Scheme: Shared Ownership

check_circle Available now

2 bedroom apartment in Hounslow

place Worthing Road, TW5 0ER

Budget Calculator
Calculate monthly cost help
Sign in to Register Your Interest mail
favorite_outline Save Property

Ground floor two bedroom maisonette in the London borough of Hounslow for £135,000 (50% share price) of £270,000 full market price, available through Shared Ownership.


Eligibility

You will need to be earning a guidance income of £51,954. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,500.Total approximate savings required £17,500.

Important borough specific eligibility criteria

Hounslow

Applicants with a connection to Hounslow will be prioritised but PAN London can apply.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.


Description

Ground Floor

Side entrance door opening to entrance hall & inner hallway, storage cupboard, reception room, kitchen, two double bedrooms and combined bathroom/WC.

GIA

58 sq m approximately

EPC rating

C

Length of lease

980 years remaining

Monthly Fees

*Monthly Mortgage: £717.67

Monthly Rent: £724.04

Service Charge: n/a

Estimated Total (per month): £1,441.71 excluding council tax

*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.


Key Features

Local Transport

  • Heathrow Terminal 4 Rail Station – 1.4m
  • Heathrow Terminal 4 Underground – 1.6m
  • Feltham Rail Station – 1.8m

Download Documents

Link to the floor plan

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


Budget Calculator
arrow_backwards Back to 2 bedroom apartment in Hounslow

Calculate Monthly Cost

Share price
£ 135,000
Min. £135,000
Share percentage
Min. 50%
Your deposit
Min. £13,500
Monthly cost*
£1,341
Cost breakdown
£724
Rent
£0
Service charge
£617
Mortgage*
Calculated using a representative rate of 3.64%
help

Sign in to Register Your Interest mail
favorite_outline Save Property

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.