1 bedroom apartment for sale
Vanquish Close, TW2 7AN
Share percentage 50%, full price £265,000, £6,625 Min Deposit.
Share percentage 50%, full price £265,000, £6,625 Min Deposit.
Monthly Cost: £1,210
Rent £380,
Service charge £75,
Mortgage £755*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £80,000
• 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.
*Service charges are estimated and may subject to change.
** This home can also be purchased outright (100% of the value) which is £265,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
Shared Ownership Resale
Description
Offered to the market is this well presented one bedroom, second floor apartment located on the eastern side of Hospital Bridge Road.
The accommodation comprises of an entrance hall with ample storage space, good size double bedroom, bathroom and a large open plan kitchen/living room.
This property further benefits from a Juliet balcony in the bedroom, allocated residents parking, access to communal grounds and lockable bike shed. This apartment is convenient for local shops, Whitton and Hounslow centre, and all local amenities.
Key Features
1 bedroom apartment
Juliet balcony
Open plan kitchen/living room
Access to communal grounds
Lockable bike shed
Allocated parking
50% shared ownership
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 £265,000, £6,625 Min Deposit. Calculated using a representative rate of 5.26%
