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 £150,000 with a 50% share!<br/><br/>A well-proportioned one-bedroom apartment offering a modern open-plan layout and an impressive private balcony. The accommodation centres around a spacious living/kitchen/dining area, with multiple doors opening directly onto the balcony and allowing plenty of natural light into the main living space.<br/><br/>The apartment also features a generous double bedroom, bathroom and particularly useful storage, with three separate storage cupboards shown on the floorplan. The large wraparound-style balcony is a standout feature, providing valuable private outside space and extending across both the living area and bedroom.<br/><br/>Agate Heights is exceptionally well positioned for transport and everyday amenities, with Burnt Oak Underground Station just a short walk away, providing Northern line services into Central London. The surrounding Burnt Oak Broadway area offers a wide selection of shops, supermarkets, cafés and other amenities, with numerous food stores available within half a mile.<br/><br/>PRICING & AFFORDABILITY<br/><br/>Full Market Value: £300,000<br/><br/>50% Share Price: £150,000 (rent £402.25pcm)<br/>Minimum 5% Mortgage Deposit (50% share): £7,500<br/>Approximate Service Charges: £199.13pcm* <br/>Lease: 123 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 £300,000 and a purchaser would not need to meet the eligibility criteria listed above.<br/>
