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2 Bedroom Flat

Zenith Court, 18 Montpelier Road, Ealing, W5

£ 130,000

Call the Shared Ownership branch on 02380 820 121

Features:

  • Brand new Shared Ownership home
  • Private balcony or terrace
  • Open plan lounge/kitchen/diner
  • Lift in the block
  • Less than 1 mile from Hanger Lane and North Ealing tube station
  • Initial purchase 25% - 75% share

 

Property Description:

Shared Ownership

This brand new home is available to buy from as little as £130,000 with a 25% share!

West5ide Apartments is a contemporary development of 1, 2 and 3 bedroom apartments situated off a residential tree lined road in the heart of Ealing. These contemporary homes are arranged over five floors, each having their own private outside space in the form of a terrace or balcony.

These brand new Shared Ownership apartments are ideal for the first time buyer and perfect for professional couples and families of all sizes to make their home. Well connected, having 4 tube stations all under a 1 mile radius, giving access to central London, you couldn't be better connected.

Choosing a new home here means choosing convenience and simplicity. With Hanger Lane and North Ealing tube stations just a short walk away, getting into and around the City for work or play is effortless. Montpelier Road is a sought after road located within walking distance of Ealing Broadway train station, shopping centre, bars and restaurants. Ealing is also renowned for its open spaces including Hanger Hill, Haven Green, Montpelier and Walpole Parks.

This superb ground floor apartment features a superb open plan lounge/kitchen/diner, two bedrooms, bathroom and a private patio.

PRICING & AFFORDABILITY

Approximate Size 62 sq m

Full Market Value: £520,000

25% Share Price: £130,000 (rent £893.75pcm)
50% Share Price: £260,000 (rent £595.83pcm)
75% Share Price: £390,000 (rent £297.92pcm)

Minimum 5% Mortgage Deposit (25% share): £6,500

Approximate Service Charges: £TBC 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 West5ide Apartments 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 annual 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 have a local area connection and either live and/or work in the Ealing Borough Council area

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