1 bedroom apartment for sale
Newell House, 3 Samara Drive, Southall, UB1 1FL
Share percentage 25%, full price £310,000, £7,750 Min Deposit.
Share percentage 25%, full price £310,000
Monthly Cost: £1,243
Rent £619, Service charge £233, Mortgage £391*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A spacious and smartly-presented apartment on the second floor of this modern development. The property has a twenty-four-foot reception room with wood flooring and a door that leads out onto a balcony overlooking the attractive communal grounds. The semi-open-plan kitchen area features integrated appliances and sleek, handle-less units. There is a stylish, high-spec bathroom, a bedroom with fitted wardrobe and a pair of storage/utility cupboards have been provided in the entrance hallway. Well insulated walls, high performance glazing and a communal heating/hot water system have resulted in a very good energy-efficiency rating. Newell House is just a short walk from Southall Station, for Elizabeth Line services.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £310,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/47pmeh3w]
(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: Clarion.
Tenure: Leasehold (250 years less 5 days from 01/01/2017).
Minimum Share: 25% (£77,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £619.01 per month (subject to annual review).
Service Charge: £232.80 per month (subject to annual review).
Guideline Minimum Income: Dual - £39,400 | Single - £45,700 (based on minimum share and 10% deposit).
Council Tax: Band B, London Borough of Ealing. 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.
Key Features
- Guideline Minimum Deposit £7,750
- Guide Min Income Dual £39.4k | Single £45.7k
- Second Floor (building has a lift)
- Approx. 545 Sqft Gross Internal Area
- Semi-Open-Plan Kitchen/Reception Room
- Very Good Energy Efficiency Rating
- Balcony
- Short Walk from Southall Station
Particulars
Tenure: Leasehold
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan BrochureThe ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
- Service Charge: covers maintenance costs for the property as a whole and communal areas
- Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.
NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £310,000, £7,750 Min Deposit. Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
