1/7
£93,750
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 £375,000 and a purchaser would not need to meet the eligibility criteria listed above.
This superb modern home is available to buy from as little as £93,750 with a 25% share!
Positioned on the fifth floor of a stylish development in lively Wembley, this well-maintained one-bedroom apartment offers comfortable and contemporary living with excellent access to local amenities and transport.
The property features a bright open plan living and kitchen area, ideal for both relaxing and entertaining, with direct access to a private balcony. The spacious double bedroom is complemented by a modern bathroom and ample storage throughout the apartment.
Wembley is home to a wide array of amenities including the London Designer Outlet, numerous restaurants, cafés, gyms, and supermarkets all close by. King Edward VII Park and other nearby green spaces offer a peaceful escape from city life.
Transport connections are outstanding, with Wembley Park Station (Metropolitan and Jubilee lines) and Wembley Central (Bakerloo and Overground) providing fast, direct routes into Central London, making this property ideal for commuters and first-time buyers.
PRICING & AFFORDABILITY
Full Market Value: £375,000
25% Share Price: £93,750 (rent £903.94pcm)
Minimum 5% Mortgage Deposit (25% share): £4687.50
Approximate Service Charges: £242.04pcm*
Lease: 117 years
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership