Perth Close, Northolt, UB5

Shared Ownership

This superb modern home is available to buy from as little as £75,000 with a 25% share!

Situated in Perth Close, Northolt, this spacious one-bedroom second-floor apartment offers approximately 589 sq. ft. of accommodation, making it an ideal choice for first-time buyers looking to step onto the property ladder.

The property features a bright and spacious open-plan kitchen/living area, providing a comfortable space for both relaxing and entertaining. Double doors lead out onto a private balcony, offering additional outdoor space. The generously sized double bedroom is complemented by a bathroom and useful built-in storage, including a separate storage/utility cupboard.

Further benefits include flexible permit-free on-street parking, making parking convenient for both residents and visitors. The property is also well positioned for access to local amenities, shops and transport connections.

Located in an established residential area of Northolt, the apartment is conveniently positioned for local amenities, transport connections and everyday essentials, making it a practical and appealing home.

PRICING & AFFORDABILITY

Full Market Value: £300,000

25% Share Price: £75,000 (rent £595.98pcm)

Minimum 5% Mortgage Deposit (25% share): £3,750

Approximate Service Charges: £179.07pcm*

Lease: 989 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 £300,000 and a purchaser would not need to meet the eligibility criteria listed above.