Share percentage 25%, full price £295,000, £3,688 Min Deposit.
Share percentage 25%, full price £295,000, £3,688 Min Deposit.
Monthly Cost: £958
Rent £507,
Service charge £83,
Mortgage £368*
Calculated using a representative rate of 3.94%
Calculate estimated monthly costs
Am I eligible?
- You must be at least 18 years old.
- You cannot afford to buy a home suitable for your needs on the open market. You will need sufficient savings for a mortgage deposit and a clean credit history to qualify for a mortgage.
- Your annual household income must be less than £90,000.
- You must be a first time buyer or existing shared owner. If you already own a home, you need to move but you cannot afford to, then please discuss your situation with us. There are some circumstances under which you could be eligible.
Summary
Junction West is a new collection of one, two and three bedroom apartments in Southall.
Description
About Junction West
Shared Ownership Event
Join us for our Shared Ownership Event on Saturday 19thFebruary
Take a look at our show home and speak to an IFA about all of your financial queries.
- Saturday 19th February 2022 12pm-4pm
Why rent when you can buy at Junction West?
Own your very own one bedroom apartment from as little as £3,688 deposit!¹
This is based on your 25% share of full market value, totalling £73,750 of a 1 bedroom apartment, starting from £295,000.
Monthly cost is £908 (based on a service charge of £83 per month, rent on unsold equity 2.75% - £507 per month, mortgage term of 30 years at 3.59% - £318 per month)
Your New Apartment
All apartments are complete with carpet to bedrooms and wardrobes to master bedrooms. You can relax and unwind with Roca bathroom suites, or entertain guests with modern kitchen worktops and integrated white goods.
Your Local Area
Combining world-famous shopping, mouth-watering cuisine and peaceful green spaces with an exciting renewal program; Southall is a place on the up. It’s also renowned as one of the friendliest communities in the capital, so where better to put down roots.
Your Transport
The Southall area is experiencing significant regeneration and will benefit from the forthcoming Crossrail in 2022. Currently, the area offers direct links to London Paddington and Heathrow Airport in less than 20-minutes by train*.
Located just a short walk from Southall Station, you could travel far and wide right from your door step**.
- 18 mins to Paddington Station
- 22 mins to Shepherds Bush
- 27 mins to Heathrow Airport
- 29 mins to Oxford Circus
- 37 mins to Waterloo Station
- 39 mins to St. Pancras International
Junction West is available for Open Home visits 7 days a week, 9:30am to 5:30pm
Contact us to book your viewing.
We have put a number of measures in place to keep you safe when you visit. Viewings are by appointment only and will be confirmed by your sales executive before you attend on the day, so that we only have one group of visitors in the building at one time. We will be following all social distancing guidelines. Please contact us for more information on our measures for safe viewings.
Please note:
**Journey times are calculated from Southall Station, based on National Rail data at the time of writing.
Unfortunately, there is no parking available at this development.
*Please note that service charges are not fixed and can vary from year to year. You should seek independent advice if you are unsure on how they operate. This mortgage estimate is for illustration purposes only and not confirmation that you are able to obtain a mortgage. The actual rate will depend on your circumstances and you should seek advice from your lender or mortgage broker before committing to any mortgage. Price based on a shared ownership purchase at a minimum 25% share. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. Mortgage terms subject to application to lender. Terms and conditions apply. The monthly rent is based on the percentage of the property that Clarion Housing retains ownership of. The rent is reviewed every autumn to take into effect each April. As stated in the lease any increase is capped at the Retail Price Index (RPI) + 0.5%.
Key Features
- Southall station is just a two-minute walk from the development.
- Excellent transport links, less than 20-minutes to London Paddington and Heathrow Airport by train*.
- Forthcoming Crossrail expected in 2022.
- High-quality and contemporary interior specification.
- Close to lively restaurants, independent cafes and street markets.
- A number of good local schools and amenities are within close proximity.
*Journey times are calculated from Southall station, based on National Rail and Transport for London data at the time of writing.
Property Downloads
Brochure Price ListMap
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 costs for the property as a whole and communal areas
- Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.
NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £295,000, £3,688 Min Deposit. Calculated using a representative rate of 3.94%
