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1 Bedroom Flat

Colne House, Manor Place, Feltham, TW14

£ 104,000

Call the Shared Ownership branch on 02380 820 121

Features:

  • Brand new Shared Ownership home
  • Private terrace
  • Opposite Feltham train station
  • Open plan lounge/kitchen/diner
  • Lift
  • Just a short walk from shopping centre

 

Property Description:

SHARED OWNERSHIP

This brand new home is available to buy from as little as 104,000 with a 40% share!

This ground floor apartment benefits from a spacious open plan lounge/kitchen/diner with a private terrace, double bedroom and luxurious bathroom suite.

Whether seeking some tranquil green space or a fast commute to central London, there's something for everyone in this stunning new development. Situated just opposite Feltham Station, this contemporary apartment complex overlooks Longford River and is in close proximity to several parks including Hayworth Park and Leitrim Park. Each thoughtfully considered apartment comes with its own balcony or terrace to take in the views.

Feltham is a thriving district with big plans. Advantageously situated close to Heathrow and with fast links into Central London, things are set to get even better. Buying at Centrum you'll be part of one of the capital's most exciting regeneration projects, and at the centre of a neighbourhood that's really going places. Investment in the area includes not only stylish new housing developments, and more local jobs, but improved transport links and even better retail and leisure facilities. All set to transform the area over the next 15 years.

PRICING & AFFORDABILITY

Approximate Size: 53.0 m2

Full Market Value: £260,000

40% Share Price: £104,000 (rent £357.50pcm)
50% Share Price: £130,000 (rent £297.92pcm)
75% Share Price: £195,000 (rent £148.96pcm)

Minimum 5% Mortgage Deposit (40% share): £5,200

Approximate Service Charges: £107.01 pcm*

ELIGIBILITY

The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller up front payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright.

At Centrum you can buy a minimum 40% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

' Your household income does not exceed £90,000
' You have a deposit of at least 5% of the share value
' You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
' This will be your only residence.
' You are a permanent UK resident or have indefinite right to remain.
' You must have a local area connection and either live and/or work in the London Borough of Hounslow. Only buyers who are members of the armed forces can be considered from areas outside of Hounslow.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

 

Call the Shared Ownership branch on 02380 820 121