Brownlow Road, London

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: SOWN - National Phone: 023 8221 9179

Shared Ownership<br/><br/>This superb modern home is available to buy from as little as £400,000 with a 25% share!<br/><br/>A well-presented one-bedroom fifth-floor apartment situated within the modern Freedom House development in West Ealing. Offering approximately 559 sq ft of accommodation, the property features a spacious open-plan kitchen and reception room with direct access onto a private balcony, providing valuable outside space.<br/><br/>The accommodation includes a particularly generous double bedroom, a modern bathroom and useful built-in storage. The open-plan living area provides ample space for both seating and dining furniture, while the fifth-floor position and large windows help create a bright and contemporary living environment.<br/><br/>Freedom House is ideally positioned for the shops, supermarkets, cafés and amenities of West Ealing, with West Ealing station around a 10-minute walk away, providing Elizabeth Line services towards Paddington, central London and Heathrow. Ealing Broadway and its wider selection of shopping, dining and leisure facilities are also within easy reach.<br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £400,000<br/><br/>%25 Share Price: £100,000 (rent £851.88pcm)<br/>Minimum 5% Mortgage Deposit (25% share): £5,000<br/>Approximate Service Charges: £194.91pcm* <br/>Lease: 987 years<br/><br/>ELIGIBILITY<br/><br/>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.<br/><br/>To be eligible for shared ownership you would need to meet the following criteria:<br/><br/>• Your annual household income does not exceed £90,000.<br/>• You have a deposit of at least 5% of the share value<br/>• You do not own another property or have your name on the deeds or a mortgage for a property worldwide. <br/>• This will be your only residence.<br/>• You are a permanent UK resident or have indefinite right to remain.<br/><br/>*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.<br/><br/>* This home can also be purchased outright (100% of the value) which is £400,000 and a purchaser would not need to meet the eligibility criteria listed above.<br/>