2 bedroom apartment for sale

Available

2b Bollo Lane, Chiswick, London, W4 5LE

£177,000 Shared Ownership Resale

Share percentage 30%, full price £590,000, £17,700 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Private Balcony/Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£177,000 Shared Ownership Resale

Share percentage 30%, full price £590,000

Monthly Cost: £2,090

Rent £1,061, Service charge £151, Mortgage £878*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This well-proportioned and well-presented apartment is on the first floor and has a twenty-one-foot reception room with open-plan kitchen. A glazed door leads out onto a good-sized balcony. There is a main bedroom with en-suite wet room plus a large second double bedroom and a spacious, fully-tiled bathroom. Demanding insulation standards, modern double glazing and a communal heating/hot water system make for a good energy-efficiency rating. The development has an extensive roof terrace, benefits from a secure bike store and is located between Chiswick Park Station (District Line), just a minute or two to the east, and Gunnersbury Triangle Nature Reserve immediately to the south and west. There is a nursery on site, Belmont Primary School only a short walk away plus a number of other highly-rated schools in the surrounding area. A striking steel and wire footbridge provides access to Chiswick Business Park and the shops and other amenities of Chiswick High Street are also close by. Additional places of interest like Gunnersbury Park, Kew Gardens and Chiswick House are within easy reach.

SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £590,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/4c8z4w6u]

(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: Riverside Housing.
Tenure: Leasehold (125 years less 10 days from 21/06/2012).
Minimum Share: 30% (£590,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £1060.75 per month (subject to annual review).
Service Charge: £150.78 per month (subject to annual review).
Guideline Minimum Income: Dual - £76,700 | Single - £88,800 (based on minimum share and 10% deposit).
Council Tax: Band E, 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 £17,700
  • Guide Min Income Dual £76.7k | Single £88.8k
  • First Floor (building has a lift)
  • Approx. 762 Sqft Gross Internal Area
  • Open Plan Kitchen/Reception Room
  • Bathroom plus En-Suite Wet Room
  • Balcony
  • Communal Roof Terrace
  • Opposite Chiswick Park Station
  • Backs Onto Gunnersbury Nature Reserve
Particulars

Tenure: Leasehold
Council Tax Band: E

Property Downloads
Floor Plan Brochure
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£177,000
Shared Ownership Resale
Estimated Monthly Cost:£2,090
Rent £1,061
Service £151
Mortgage £878

Share percentage 30%, full price £590,000, £17,700 Min Deposit. Calculated using a representative rate of 4.42%

Disclaimer
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.