Share Price £103,125 (from 25% Min. Share)

Full Value £412,500 | £5,156 Min. Deposit

Scheme: Shared Ownership

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Evolution - 2 bed apartment in Ealing

place Merrick Road, UB2 4AU

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A fantastic two bedroom apartment with integrated appliances now available minutes' away from Southall station.


Eligibility

Shared Ownership at Evolution gives you the opportunity to buy a share of your new home, starting from 25%, or more depending on what you can afford. The rest is owned by Network Homes and you pay a subsidised rent on this portion in addition to your own mortgage. There will be a service charge payable to cover the cost of communal maintenance and this includes the buildings insurance.

Shared Ownership is subject to availability and qualifying criteria. You may be eligible for this property at Evolution if:

You have a gross household income of no more than £90,000 per annum.
You are unable to purchase a suitable home to meet your housing needs on the open market.
You do not already own a home or you will have sold your current home before you purchase or rent.


Description

Marketing suite and show apartment now open. Viewings by appointment only.

Evolution offers a luxurious modern lifestyle, featuring beautifully finished, high specification Shared Ownership apartments, in the lively, colourful neighbourhood of Southall. We are offering £500 towards legal fees and £500 towards a 2 year parking permit. This development is also pet friendly and welcomes animal lovers.*

In amongst the leafy green spaces of West London, Southall is known for its rich South Asian heritage and bustling independent high street. This community is evolving. With the Elizabeth line soon to offer residents a quick and easy commute into Zone One, Southall is gaining recognition as an increasingly desirable place to live.

As part of that growth, a brand-new development in Southall is complete and ready to move in. Offering a great selection of Shared Ownership apartments - one, two, three and four bed apartments plus duplex apartments! Include in this mix is some wheelchair accessible apartments.

This development is open to all London boroughs.

Here is Evolution. Here are homes for savvy first time buyers, looking for a strong investment, as well as bricks and mortar.

Residents’ will have access to a private podium level courtyard garden and communal space. Located close to the Grand Union Canal take advantage of the tow-path walks, parkland and green spaces that surrounds the fringes of Southall.

Conveniently close to the M4 and A4, and just a few minutes from the M25. Even more convenient is Southall Station, just a couple of minutes walk from the development, taking you directly to London Paddington in the heart of the city in around 18 minutes.

This vibrant location has a range of local amenities, head to The Broadway for a unique shopping experience with an abundance of jewellery, fabric, spices and food shops. As well as a host of bars, club and restaurants perfect for evening entertainment.

All apartments are available on a part buy / part rent basis.

*Subject to approval.


Key Features

• Brushed metal switch and socket plates, selected with USB sockets.

• Audio/ visual security entry phone system to apartments. Duplexes have independent door ringer.

• Thermostatically controlled central heating via flat panelled radiators.

• Pressurised hot and cold water supplies.

• Double glazing throughout.

• Majority with balcony, terrace or winter garden.

Kitchen

• Amtico Walnut flooring.

• Two tone designer kitchen units with dark grey base level finish, white matte finish to wall units, all with soft close doors and concealed handles.

• Recon stone worktop with splashback.

• Smeg stainless steel fully integrated electric appliances to include:-

- Single low level oven*

- Ceramic hob

- Cooker hood

- Washer/ dryer (freestanding if within utility cupboard)

- Dishwasher

- Fridge/ freezer*

- Microwave

• Stainless steel bowl under-mounted sink with monobloc mixer tap and grooved worktop drainer.

• Low energy wall unit under lighting.

• Centralised appliance isolator switch panel.


Download Documents

Link to the floor plan Property brochure 1 Property brochure 2
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Calculate Monthly Cost

Share price
£ 103,125
Min. £103,125
Share percentage
Min. 25%
Your deposit
Min. £5,156
Monthly cost*
£1,361
Cost breakdown
£709
Rent
£154
Service charge
£498
Mortgage*
Calculated using a representative rate of 3.64%
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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.