Ealing Park Lodge, 129 Horsenden Lane South, Perivale, Greater London UB6 7NS

£58,750 Shared Ownership

Guideline Minimum Deposit £5,875
Guideline Income Dual £18.3k | Single £21.7k
Ground Floor
Approx. 369 Sqft Gross Internal Area
Semi-Open-Plan Kitchen/Reception
Double Glazing and Gas Central Heating
Parking Space
Very Close to Perivale Station

General Description

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

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £235,000). This one-bedroom flat is on the ground floor of a small block located very close to Perivale Station (Central Line). The property has a reception room with feature fireplace and an archway leading through to the kitchen. The bedroom, which is a comfortable double, includes a fitted, mirror-fronted wardrobe and the bathroom has benefitted from some modernisation. Wall insulation, double glazing and gas central heating make for a good energy-efficiency rating. The flat comes with use of a parking space and is within easy walking distance of the pleasant outside spaces of Horsenden Hill and Pitshanger Park.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; https://tinyurl.com/2p84t66h]

(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 1991).
Minimum Share: 25% (£58,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £353.62 per month (subject to annual review).
Service Charge: £54.66 per month (subject to annual review).
Guideline Minimum Income: Dual - £18,300 | Single - £21,700 (based on minimum share and 10% deposit).
Council Tax: Band C, 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).

Dimensions

Reception

10' 9" max. x 10' 1" min. (3.28m x 3.07m)

Kitchen

10' x 4' 5" (3.05m x 1.35m)

Bedroom

12' 2" x 7' 9" (3.71m x 2.36m)

Bathroom

Energy Effeciency Rating

Energy Efficency Rating

Floorplans

Shared Ownership

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:
 Not own another property in the UK or any other country.
 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.
 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).
 Be in full time permanent employment.
 Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
 Have a good credit history.
If you are still unsure about Shared Ownership or would like more information view [ Facts and Frequently Asked Questions]