Shared Ownership
This superb modern home is available to buy from as little as £150,000 with a 40% share!
This well presented ground floor apartment features an impressive open plan reception and dining room with a distinctive curved wall of windows, creating a bright and spacious living environment. The property benefits from two bedrooms (en suite to bedroom one) and a family bathroom. The property also comes with allocated parking.
Situated on Waterloo Road in the popular town of Uxbridge, Daneshill House enjoys a convenient location within easy reach of the town centre. Uxbridge offers an excellent selection of shops, cafés, restaurants and leisure facilities, including The Pavilions and The Chimes shopping centres. Residents can also enjoy nearby green spaces, including Fassnidge Park and the picturesque Colne Valley Regional Park, offering opportunities for walking and outdoor recreation.
The property is ideally positioned for commuters, with Uxbridge Underground Station providing Metropolitan and Piccadilly line services into Central London. Excellent road connections are available via the nearby A40, M40 and M25, offering convenient access to London, the Home Counties and the wider motorway network. Heathrow Airport is also within easy reach.
PRICING & AFFORDABILITY
Full Market Value: £375,000
40% Share Price: £150,000 (rent £736.94pcm)
Minimum 5% Mortgage Deposit (40% share): £7,500
Approximate Service Charges: £276.02pcm*
Shared Ownership Lease: 118 years remaining
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.
