Shared Ownership

89 Freedom House, Brownlow Road, London, W13

£210,000
  • 1 beds
  • 1 baths
  • 1 reception
SOWN (Shared Ownership)
enquiries@sown.co.uk

Key Features

  • Modern Shared Ownership Apartment
  • One Bedroom
  • One Bathroom
  • Private Balcony
  • Open Plan Kitchen/Living room
  • No Onward Chain

Description

This modern home is available to buy from as little as £210,000 with a 50% share!

Offered to the market is this well-presented one-bedroom apartment on the 9th floor of a modern development in West Ealing. The property comprises a spacious double bedroom, a sleek bathroom, an open-plan kitchen and living area, and a private balcony with wide-reaching views across West London.
Ideally located just a short walk from West Ealing Station and within easy reach of Northfields Underground Station, the property offers excellent transport links into Central London, Heathrow, and beyond.

The local area provides a great mix of independent shops, cafes, and supermarkets, with Ealing Broadway’s wider shopping and leisure facilities also close by. Green spaces, good schools, and healthcare amenities add to the appeal of this well-connected and vibrant neighbourhood.

PRICING & AFFORDABILITY

Full Market Value: £420,000

50% Share Price: £210,000 (rent £559.73pcm)
Minimum 5% Mortgage Deposit (50% share): £10,500
Approximate Service Charges: £162.19pcm*
Lease: 984 years

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £420,000 and a purchaser would not need to meet the eligibility criteria listed above.

Service Charge: 1946.28.

FIND YOUR PERFECT HOME

Shared Ownership can be daunting. No matter what your needs are, we're here to assist you every step of the way. Our team of experienced professionals is dedicated to providing you with personalised service and support to help you find your perfect home.

Calculate stamp duty online
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Notes

The stamp duty calculator presumes that none (or part) of the property qualifies as mixed-use for which the current SDLT would be 3%.

Please note that this tool is an indicator only, your solicitor or tax consultant will advise you as to the actual stamp duty land tax that must be paid on completion.

All calculations are correct as of 1st October 2021, which are subject to change at any time

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Shared Ownership

89 Freedom House, Brownlow Road, London, W13

£210,000
  • 1 beds
  • 1 baths
  • 1 reception
SOWN (Shared Ownership)
enquiries@sown.co.uk

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