2 bedroom apartment for sale
Isambard Court, Paddlers Avenue, TW8 8FP
Share percentage 25%, full price £740,000, £9,250 Min Deposit.
Share percentage 25%, full price £740,000, £9,250 Min Deposit
Monthly Cost: £2,111
Rent £686,
Service charge £420,
Mortgage £1,005*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
ELIGIBILITY
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 £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.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £740,000 and a purchaser would not need to meet the eligibility criteria listed above.
Summary
This superb modern home is available to buy from as little as £185,000 with a 25% share!
Description
Shared Ownership
This superb modern home is available to buy from as little as £185,000 with a 25% share!
An exceptional split-level apartment presented in beautiful order throughout located in this modern riverside development in the heart of Brentford. The layout is well planned over two floors and provides upside down accommodation comprising two double bedrooms (master bedroom with ensuite shower room) with doors to a balcony on the fifth floor. On the sixth floor there is a modern bathroom and an impressive open plan fully fitted kitchen/dining/living space with a further balcony and a separate spacious terrace. The property is bathed in natural light and benefits from a long lease. There is a secure, underground allocated parking space and visitors parking is also available.
Situated in the vibrant TW8 area, this apartment is conveniently located for excellent transport links and local attractions. Brentford Station (South Western Railway) is approximately 0.5 miles away, offering swift access to London Waterloo in under 30 minutes. For underground services, Boston Manor Station (Piccadilly Line) is just 1.2 miles away, providing direct connections to central London and Heathrow Airport.
The area is well-served by shops, cafes, and restaurants, with the nearby Brentford Lock and Grand Union Canal offering scenic walks and a sense of tranquillity. Residents also benefit from proximity to Syon Park, perfect for outdoor activities and relaxation, while the bustling Chiswick High Road is just a short drive away for an array of boutique shopping and dining options.
PRICING & AFFORDABILITY
Full Market Value: £740,000
25% Share Price: £185,000 (rent £686.33 pcm)
Minimum 5% Mortgage Deposit (25% share): £9,250
Approximate Service Charges: £419.70pcm*
Lease: 119 years
Key Features
Modern shared ownership apartment
Split level
Two double bedrooms
Riverside development
Open plan kitchen/living space
Three balconies
Long lease
Parking
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: E
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 25%, full price £740,000, £9,250 Min Deposit. Calculated using a representative rate of 4.78%
