Shared Ownership
This superb modern home is available to buy from as little as £147,000 with a 35% share!
Situated in Hayes, this spacious two-bedroom apartment offering approximately 902 sq ft (83.7 sq m) of well-planned accommodation. The property features a generous open-plan kitchen, reception and dining area, creating a bright and versatile space for both relaxing and entertaining. There is also a private balcony accessed from the main living area, providing an additional outdoor space.
The apartment benefits from two well-proportioned bedrooms, including a particularly spacious main bedroom, alongside a family bathroom and an additional shower room. The layout offers excellent flexibility, with plenty of storage and a good balance between living and bedroom accommodation. The property also comes with one allocated parking space.
The property is well located for the amenities of Hayes, with local shops, supermarkets, restaurants and everyday facilities within easy reach. Hayes & Harlington Station provides access to the Elizabeth line, offering convenient connections towards central London, Heathrow Airport and destinations further west. The area also benefits from easy access to major road links including the M4 and M25.
PRICING & AFFORDABILITY
Full Market Value: £420,000
35% Share Price: £147,000 (rent £936.34pcm)
Minimum 5% Mortgage Deposit (% share): £7,350
Approximate Service Charges: £217.67pcm*
Lease: 116 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.
