Share Price £234,000 (from 65% Min. Share)

Full Value £360,000 | £23,400 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Ealing

place Cromwell Close,, Acton, W3 6BN

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2 bedroom second floor flat in Ealing for £360,000 at a 65% share price of £234,000


Eligibility

You will need to be earning a guidance income of £61.519.00. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £23,400.00. Total approximate savings required £27,400.

 

Important borough specific eligibility criteria

 

Borough of Ealing

All London applicants will be considered. However, those living and working in the Ealing will be given priority

 

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

 

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.

 


Description

 

Ground floor

Communal entrance hall with intercom and stairs.

 

Second floor

Entrance hallway with store cupboard, 2 bedrooms, 1 bathroom/WC and reception room leading to kitchen.

 

External

Allocated parking space and communal grounds.

 

GIA

50.8 sqm

 

Accessibility rating

F

 

EPC rating

C

 

Length of lease

125 Years

 

Borough

Ealing

 


Key Features

Convenient to Acton High Street.

Convenient to Acton underground and overground rail connections.

Allocated parking space and communal grounds.

Close to a large number of shops including a large Morrisons supermarket.


Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 234,000
Min. £234,000
Share percentage
Min. 65%
Your deposit
Min. £23,400
Monthly cost*
£1,454
Cost breakdown
£331
Rent
£114
Service charge
£1,009
Mortgage*
Calculated using a representative rate of 3.09%
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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.