2 bedroom apartment for sale

Available

Montgomery House, Taywood Road, UB5 6WT

£94,500 · Shared Ownership Resale

Share percentage 35%, full price £270,000, £9,450 Min Deposit.

Available
2 bedrooms
£94,500 Shared Ownership Resale · Eligibility Eligibility

Share percentage 35%, full price £270,000, £9,450 Min Deposit.

Monthly Cost: £1,125
Rent £398, Service charge £247, Mortgage £480*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: -You must be at least 18 years old -Your annual household income must be less than £90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Summary

This fantastic 2-bedroom open plan flat with a private balcony, lift access & secure bike storage is available in Northolt

Description

Property reference number: 1638768

Montgomery House is a 2-bedroom open plan flat with a private balcony, lift access, secure bike storage & underground parking for £80 annually is available in Northolt. The lease remaining on the property is 88 years.

There are good transport links with Northolt and Greenford Stations linking you to Oxford Street Station in 35 minutes. Local buses serve the area. Local amenities like Tesco, Lidl and restaurants and cafes are located 0.8 miles away. For leisure & enjoyment, various restaurants, bars, cafes and shops are within walking distance including an abundance of green spaces (parks and football fields). There are also a wealth of primary schools in the local area.

  • Nearest Station: Northolt and Greenford Stations on the central line
  • Bus routes nearby: E7, E6, E9, E10, 282, 120, N7

The property located on the fifth floor comprises:

  • Entrance: Hallway with storage cupboards, entry phone system. 
  • Living Room: Spacious lounge with floor to ceiling windows and open plan kitchen with a view of the city. Laminate dark brown oak flooring. 
  • Kitchen:  Oak effect units with laminate kitchen worktop with tiled backsplash.  Integrated appliances: electric cooker and induction hob. Grey tile effect laminate flooring
  • Bedroom One:  Double bedroom with floor to ceiling windows. Beige carpeted flooring. 
  • Bedroom Two: Double bedroom with laminate oak effect flooring.
  • Bathroom: White suite comprising a large bath with shower head, partially tiled and painted walls and a towel rail. A mirror and sink with cabinet is also included. Laminate Black flooring.  
  • Outside: Private balcony, lift access, secure bike storage, underground parking for £80 annually


What happens after I register my interest?

You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact href="https://enquiries@peabodynewhomes.co.uk">enquiries@peabodynewhomes.co.uk  and our team will be able to help you.

What is Shared Ownership?

Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more. 


Financial information

  • Tenure: Leasehold
  • Remaining lease term: 88 Years
  • Annual ground rent amount: £150.00 year 1-25, £300.00 year 26-50, £600.00 year 51-75, £1,200.00 year 76-99
  • Ground rent review period: £150.00 year 1-25, £300.00 year 26-50, £600.00 year 51-75, £1,200.00 year 76-99
  • Annual service charge amount: £2,961.00
  • Service charge review period: 1st April annually
  • Council tax band: Band D
*Financial information correct as of 26.10.2023
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D

Property Downloads
Energy Certificate
Map
Northolt (1.12 miles) Greenford (1.43 miles) South Greenford (1.67 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 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.

£94,500
Shared Ownership Resale
Estimated Monthly Cost:£1,125
Rent £398
Service Charge £247
Mortgage £480

Share percentage 35%, full price £270,000, £9,450 Min Deposit. Calculated using a representative rate of 4.64%


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.