Shared Ownership
This superb modern home is available to buy from as little as £96,000 with a 40% share!
Situated in the popular area of Twickenham, this well-presented one-bedroom second-floor apartment offers bright, modern accommodation with an impressive open-plan kitchen, living and dining area, creating a fantastic space for both relaxing and entertaining. The generous double bedroom is complemented by a contemporary bathroom, while the apartment benefits from plenty of natural light throughout.
The property also comes with one allocated parking bay and access to a shared communal garden, providing useful outdoor space for residents. Ideally located close to local amenities, excellent transport links and green open spaces, this home combines convenience with comfortable modern living.
PRICING & AFFORDABILITY
Full Market Value: £240,000
40% Share Price: £96,000 (rent £396.03pcm)
Minimum 5% Mortgage Deposit (40% share): £4,800
Approximate Service Charges: £129.16pcm*
Lease: 82 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 £240,000 and a purchaser would not need to meet the eligibility criteria listed above.
***Please note that this property has approximately 82 years remaining on the lease. Some mortgage lenders may have minimum lease term requirements, which could affect the availability of mortgage finance for prospective purchasers. As a result, this property may be more suitable for cash buyers, or buyers who have confirmed lending is available with their chosen mortgage provider. Interested parties are advised to seek independent financial and legal advice before arranging a viewing or making an offer.
