2 bedroom apartment for sale

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £320,000). A fourth-floor apartment which features a twenty-three-foot reception room with open-plan kitchen area and a sliding door that leads out onto an east-facing balcony overlooking the nearby playing fields. The two bedrooms are generously-sized doubles and the bathroom is spacious and naturally-lit. Well insulated walls and modern double glazing make for a good energy-efficiency rating. A wide range of shops can be found on the local high street and there is a supermarket and two shopping centres nearby. Hounslow East (Piccadilly line) is the nearest station, Hounslow Central is only a short walk away and Hounslow mainline station (South West Trains into Waterloo) is also within easy reach. Lampton Park and Inwood Park are both local and provide pleasant outside space to enjoy.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM []

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 2007).
Minimum Share: 40% (£128,000).
Shared Ownership Rent: £565.74 per month (for year 2024/25).
Service Charge: £211.37 per month (for year 2024/25).
Guideline Minimum Income: Dual - £48,500 | Single - £55,000 (based on 40% share and 10% deposit).
Council Tax: Band D, London Borough of Hounslow. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.

WHAT IS SHARED OWNERSHIP ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?

The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.