Share Price £130,625 (from 25% Min. Share)

Full Value £522,500 | £6,531 Min. Deposit

Scheme: Shared Ownership

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Evolution - 3 bed apartment in Ealing

place Merrick Road, UB2 4AU

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Great choice of apartments in the lively and colourful neighbourhood of Southall!


Eligibility

Shared Ownership at Evolutiongives 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.
Open to all London boroughs.


Description

Evolution offers a luxurious modern lifestyle, featuring beautifully finished, high specification Shared Ownership apartments, in the lively, colourful and welcoming neighbourhood of Southall.

Choose from a fantastic range of studios, one, two, three and four bedroom apartments which benefit from open plan living, dining and kitchen area, private balconies and spacious bedrooms. We are also offering a selection of one bedroom and three bedroom wheelchair accessible apartments for Shared Ownership. Suitable for someone who has a disability and needs to use a wheelchair.

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.


Key Features

Tones of rich walnut are complemented with brushed metal throughout, creating a sense of contemporary urbanity, which nonetheless offers a blank canvas for each buyer to make their own. Walnut veneered doors and Amtico flooring are lifted by matte white walls and ceilings, as well as brushed metal switches and door handles. The kitchens are sleek, with concealed handles, soft-close doors and two tone designer units. A Recon stone worktop and splashback houses the stainless steel sink, including monobloc mixer tap.

The fully integrated Smeg appliances include oven, ceramic hob, fridge/ freezer, washer/dryer and dishwasher, making it easy for first time buyers to move straight in. Bathrooms are finished with porcelain tiles, mirrored cabinets and a white bathroom suite, complemented by chrome fittings, including a heated towel rail. With oatmeal carpet and fully fitted wardrobes, the bedrooms are designed to be clutter free spaces of calm.

Heating is thermostatically controlled and double glazing throughout maximises heat efficiency. Data and TV sockets are intelligently distributed throughout each home, with TV sockets set to Sky+ if a subscription is desired. Each apartment has its own audio/ visual entry phone system for secure access to ensure the safety of residents. There are lifts to all apartments levels
and separate cycle and refuse stores.


Download Documents

Link to the floor plan Property brochure 1
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Calculate Monthly Cost

Share price
£ 130,625
Min. £130,625
Share percentage
Min. 25%
Your deposit
Min. £6,531
Monthly cost*
£1,754
Cost breakdown
£898
Rent
£225
Service charge
£631
Mortgage*
Calculated using a representative rate of 3.64%
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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.