Shared Ownership
This superb modern home is available to buy from as little as £99,000 with a 45% share!
Nestled within the Featherstone Court development, this well-presented one-bedroom top-floor apartment, offers comfortable and practical accommodation within an established residential development in Southall. The property benefits from communal parking facilities within the development and a convenient location for local amenities and transport connections.
Internally, the accommodation comprises a spacious living area, separate kitchen, double bedroom and bathroom, with its top-floor position providing a good degree of privacy. The apartment provides well-arranged accommodation suited to modern day-to-day living.
Featherstone Court is well positioned for the shops, supermarkets and amenities available throughout Southall, while Southall Station provides Elizabeth Line and National Rail services towards Central London and Heathrow. Road connections are also convenient, with easy access to the A312, A4 and M4.
PRICING & AFFORDABILITY
Full Market Value: £220,000
45% Share Price: £99,000 (rent £330.56 pcm)
Minimum 5% Mortgage Deposit (35% share): £3,950
Approximate Service Charges: £160.83pcm*
Lease: 111 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.
Council Tax Band B
