Echo Court, 1 Sherwood Road, Harrow, HA2
- Brand new Shared Ownership home
- Walking distance to South Harrow underground
- Private balcony or terrace with all apartments
- Available immediately
- Integrated kitchen appliances
- Open plan lounge/kitchen/diner
This brand new home is available to buy from as little as £108,125 with a 25% share!
Located just minutes from South Harrow underground station and near to the local independent market, this location is perfect for connectivity to central London whilst remaining close to Harrows on the Hill's picturesque village and surrounding woodland and green spaces. These luxury apartments are designed with sustainability, comfort and people in mind. Each bespoke home has been created to the highest specification, whilst also offering the luxury of a secluded and spacious courtyard.
Harrow is the largest district in northwest London. It has a large town centre boasting two shopping centres and many independent shops throughout Station Road and College Road. It is home to a University of Westminster's Art campus and is widely known for Harrow School, and Harrow County
School making the area diverse, bustling and artistic.
Your new home in Harrow is also placed perfectly to spend a day of retail therapy at Brent Cross Shopping Centre, Ealing Broadway or Westfield in Shepherd's Bush. In under 30 minutes from Harrow on the Hill, you could be enjoying an unforgettable concert or sporting event at nearby Wembley Stadium. When the bright lights of central London call, you can hop on the tube ' it's only a two-minute walk away. It could not be easier to tap into the endless choice and opportunity on offer in the capital.
Built with sustainability at the forefront, Echo produces low-carbon emissions, which benefits both residents and the environment. Features include a sustainable and economic solution for residents' heat and water supply through a centralised power unit, and outside lighting design that may assist in the reduction of light pollution.
PRICING & AFFORDABILITY
Approximate Size 76 sq m
Full Market Value: £432,500
25% Share Price: £108,125 (rent £621.72pcm)
50% Share Price: £216,250 (rent £414.48pcm)
75% Share Price: £324,375 (rent £207.24pcm)
Minimum 5% Mortgage Deposit (25% share): £5,407
Approximate Service Charges: £152 pcm*
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 Echo you can buy a minimum 25% 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.
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.