- 1 Bedroom
- 50% share available
- Call 0203 815 1234 to book your appointment.
Ground Floor one bedroom home in the London borough of Ealing for £157,500 (50%) share of £300,000 full market price (including £15,000 of leaseholder improvements), available through Shared Ownership.
75% Staircasing Restriction (at 75% ownership there is no rent payable). Buyers will be able to purchase a share from 50% - 75% depending on their affordability.
*Monthly Mortgage (if required): £682.58
Monthly Rent: £149.18
NHHO Service Charge: £159.35
Estimated Total (per month): £991.11 excluding council tax (if a mortgage is required)
£308.53 (if purchasing a 50% share)
£159.35 (if purchasing a 75% share)
*The estimated monthly mortgage is based on an interest rate of 3.5% with a capital and interest repayment over 25 years, on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
£157,500 (50% share price of £300000 - including £15,000 of leaseholder improvements).
- Large living room/kitchen with good quality fitting
- Bathroom refitted to a high standard
- Windows recently replaced
- Built in wardrobes
Ground floor flat
Entrance hall, reception room, kitchen, bedroom and bathroom/WC.
Length of lease
Applicants are able to buy the share outright and will need available funds of £157,500 to do so.
If a mortgage is required you will need to be earning a guidance income of £35,000. You will need access to savings of at least £4,000 to cover the cost of buying the home plus £7,500 to cover the cost of improvements. A minimum 10% deposit approx. 15,750. Total approximate savings required £27,250.
Important specific eligibility criteria
Priority will go to applicants with a connection to Ealing but all applicants can apply.
This property is restricted to persons aged 55 years and over.
Ealing will prioritise applicants based on the following:
1. Social Tenants (Council & Housing Association tenants)
2. Serving MOD personnel
3. Applicants who live and work in Ealing
4. Applicants who live or Work in Ealing
5. All other Applicants
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
Details correct as at 19/09/2018
|Number of Beds||1|
|Full market price||£300,000|
|Ownership||50% share available|
|Guidance household income||£35,000|
Location and local area
Ealing Broadway (0.35 km)