Shared Ownership
This superb modern home is available to buy from as little as £220,500 with a 70% share!
A spacious one-bedroom apartment extending to approximately 569 sq ft, offering well-proportioned accommodation and an excellent amount of living space. The property comprises a large reception room, separate kitchen, generous bedroom with built-in wardrobe and a bathroom, providing a comfortable and practical layout.
The particularly spacious living area provides plenty of room for both relaxing and dining, while the large bedroom benefits from built-in wardrobe storage. The apartment also comes with an allocated underground parking space, a valuable feature for the area. Code Court is a modern residential development with well-maintained communal areas, while the surrounding area provides easy access to green space and local amenities.
Located in North West London, the property is well positioned for transport links, with Dollis Hill and Neasden Underground stations approximately 1.1km away, providing access to the Jubilee line. There are also several bus stops within a short walk, while Gladstone Park is close by, providing a large area of green space for walking and recreation
PRICING & AFFORDABILITY
Full Market Value: £315,000
70% Share Price: £220,500 (rent £252.42pcm)
Minimum 5% Mortgage Deposit (% share): £11,025
Approximate Service Charges: £249.16pcm*
Lease: 113 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 £315,000 and a purchaser would not need to meet the eligibility criteria listed above.
