2 bedroom apartment for sale
Available
Zenith House, Montpelier Road, W5 2QP
£131,875 · Shared Ownership New Build

Share percentage 25%, full price £527,500, £6,594 Min Deposit.

Available
2 bedrooms
Floor plan
floor-plan
Floor plan
floor-plan
£131,875 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £527,500, £6,594 Min Deposit.

Monthly Cost: £1,764
Rent £907, Service charge £200, Mortgage £657*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility

ELIGIBILITY

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright.

At West5ide Apartments you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence
• You are a permanent UK resident or have indefinite right to remain
• You have a local area connection and either live and/or work in the Ealing Borough Council area

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

Summary

Brand new spacious apartment

Description

West5ide Apartments is a contemporary development of 1, 2 and 3 bedroom apartments situated off a residential tree lined road in the heart of Ealing. These contemporary homes are arranged over five floors, each having their own private outside space in the form of a terrace or balcony.

These brand new Shared Ownership apartments are ideal for the first time buyer and perfect for professional couples and families of all sizes to make their home. Well connected, having 4 tube stations all under a 1 mile radius, giving access to central London, you couldn’t be better connected.

Choosing a new home here means choosing convenience and simplicity. With Hanger Lane and North Ealing tube stations just a short walk away, getting into and around the City for work or play is effortless. Montpelier Road is a sought after road located within walking distance of Ealing Broadway train station, shopping centre, bars and restaurants. Ealing is also renowned for its open spaces including Hanger Hill, Haven Green, Montpelier and Walpole Parks.

This superb second floor apartment features a superb open plan lounge/kitchen/diner, two bedrooms, bathroom and a private balcony.

PRICING & AFFORDABILITY

Approximate Size 64 sq m

Full Market Value: £527,500

25% Share Price: £131,875 (rent £906.64pcm)
50% Share Price: £263,750 (rent £604.43pcm)
75% Share Price: £395,625 (rent £302.21pcm)

Minimum 5% Mortgage Deposit (25% share): £6,594

Approximate Service Charges: £TBC pcm*

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

Key Features

Brand new Shared Ownership home

Private balcony or terrace

Open plan lounge/kitchen/diner

Lift in the block

Less than 1 mile from Hanger Lane and North Ealing tube station

Initial purchase 25% - 75% share

Property Downloads
Floor Plan Brochure Price List
Map
Hanger Lane (0.56 miles) North Ealing (0.57 miles) Ealing Broadway (0.57 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£131,875
Shared Ownership New Build
Estimated Monthly Cost:£1,764
Rent £907
Service Charge £200
Mortgage £657

Share percentage 25%, full price £527,500, £6,594 Min Deposit. Calculated using a representative rate of 3.94%


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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.