2 bedroom apartment for sale
Hampstead House, 2 Spring Promenade, UB7 9GL
Share percentage 35%, full price £350,000, £12,250 Min Deposit.
Share percentage 35%, full price £350,000, £12,250 Min Deposit.
Monthly Cost: £1,304
Rent £488,
Service charge £194,
Mortgage £622*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
2-bedroom apartment two bathroom apartment with private parking, private balcony is available in West Drayton!
Description
Offering the convenience of city living, this is an enviable location with its own distinctive charm and strong sense of community. Local amenities are on your door step, giving residents the essentials on their doorstep with many pubs, a river walk and Stokeley Park within proximity.
- Nearest train stations: West Drayton, Hayes & Harlington stations
- Nearest buses: U5, 140, 120
- Private parking
- Private balcony
- Integrated appliances
- Central heating
- Lift access
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 enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Resale 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: 89 years
- Annual ground rent amount: £150
- Ground rent review period: Every 1-25 years
- Annual service charge amount: £2,326.80
- Service charge review period: Annually
- Council tax band: D
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Floor Plan Energy CertificateMap
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 35%, full price £350,000, £12,250 Min Deposit. Calculated using a representative rate of 4.64%
