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1 bed apartment in Hounslow

The Paragon, Boston Park Road, London, TW8 9RN

Available Now

Full price £290,000 / minimum share £116,000 (40%)

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Call 0203 815 1234 to book your appointment

Affordable housing scheme: resales ('part buy part rent' on 2nd hand homes)

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Estimated total monthly cost£957

(includes: rent£376,

service charge£129,

estimated mortgage£452)

One bedroom first floor flat, in the London Borough of Hounslow, available to buy through Shared Ownership. Full market value £290,000 including £5,000 worth of leaseholder improvements. 40% share available, share price £116,000 (including £5,000 worth of leaseholder improvements.

Monthly fees
Minimum Income: £40,432 
Monthly Mortgage*: £616.67 
Monthly Rent: £376.48 
Notting Hill Service Charge: £128.83
Council Tax: £100.42

Estimated Total (per month): £1,222.40

*Estimate The monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage The rent may increase each year, the increase calculation will be specified in the lease.
** Service Charge payable to Notting Hill Housing. 

Accessibility Rating: A - Wheelchair Accessible Throughout

Meets the design standards from the Wheelchair Housing Design Guide which superseded the Housing Corporation wheelchair design standards. These properties have been designed to meet latest wheelchair accessible housing design standards, offering extra space and full access to all rooms and facilities. This standard provides more space than previous wheelchair housing design guidance and also ensures that all rooms are accessibly. In view of the high density of new build housing stock in London, the parking features have been excluded from this category. This will enable wheelchair accessible homes built above ground floor level to be categorised as such.

Eligibility

You will need to be earning a guidance income of at least £40,432. You will need access to savings of at least £4,000 to cover the cost of buying the home, and £3,000 to cover 40% of the improvement value. A minimum 10% deposit approx. £11,900. Total approximate savings required £18,900.

Important borough specific eligibility criteria

Priority will go to applicants with a connection to Hounslow followed by the West London Sub-region (Brent, Ealing, H&F, Harrow, Hillingdon, and Kensington & Chelsea). This property will only be offered to applicants who live or work in the above borough for a minimum of four weeks.

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.

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.

Ground floor
Communal entrance hall with Intercom, stairs & passenger lift to upper floors

First floor
Entrance hall, open plan kitchen/reception room, bedroom, bathroom/WC

External
Communal garden space and rooftop terrace, underground parking space, laundrette for resident use on the ground floor

GIA
37 square metres (398 sq. ft) as per RICS valuation

Accessibility rating 
A – Wheelchair access

EPC rating
C

Length of lease
89 years

Borough
Hounslow

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Share to Buy Ltd is authorised and regulated by the Financial Conduct Authority. FCA register number 306800. You can find more detail on our status in our Initial Disclosure Document [109k] and Terms of Business.

For further information, contact us or write to: Share to Buy, PO Box 11998, Sudbury CO10 3BS. Registered in England and Wales no: 04909788.