Shared Ownership
This superb modern home is available to buy from as little as £100,000 with a 25% share!
A well-presented one-bedroom fifth-floor apartment situated within the modern Freedom House development in West Ealing. Offering approximately 559 sq ft of accommodation, the property features a spacious open-plan kitchen and reception room with direct access onto a private balcony, providing valuable outside space.
The accommodation includes a particularly generous double bedroom, a modern bathroom and useful built-in storage. The open-plan living area provides ample space for both seating and dining furniture, while the fifth-floor position and large windows help create a bright and contemporary living environment.
Freedom House is ideally positioned for the shops, supermarkets, cafés and amenities of West Ealing, with West Ealing station around a 10-minute walk away, providing Elizabeth Line services towards Paddington, central London and Heathrow. Ealing Broadway and its wider selection of shopping, dining and leisure facilities are also within easy reach.
PRICING & AFFORDABILITY
Full Market Value: £400,000
25% Share Price: £100,000 (rent £851.88pcm)
Minimum 5% Mortgage Deposit (25% share): £5,000
Approximate Service Charges: £194.91pcm*
Lease: 987 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 £400,000 and a purchaser would not need to meet the eligibility criteria listed above.
Council Tax Band C
