1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (118 years remaining)
- Modern Shared Ownership home
- Balcony
- Open plan lounge/kitchen/diner
- Short walk from Isleworth train station & Hounslow East underground
- First floor
- 118 year lease
This superb modern home is available to buy from as little as £141,750 with a 45% share!
Built by the highly-regarded Shanly Homes in 2017 is this spacious first floor home. Just a short walk from both Isleworth train station & Hounslow East underground, Fairbank House is perfectly situated just off London Road, offering a large selection of shops, restaurants and local amenities with easy access to the A4/M4 providing excellent routes into and out of the city centre.
This well presented first floor apartment has accommodation that features an open plan lounge/kitchen/diner with doors opening to a private balcony, a spacious double bedroom and bathroom. The owner currently leases a parking space direct from the developer and a new contract can be set up for a new owner if required.
PRICING & AFFORDABILITY
Full Market Value: £315,000
45% Share Price: £141,750 (rent £517.62pcm)
Minimum 5% Mortgage Deposit (% share): £7,088
Approximate Service Charges: £120 pcm*
Shared Ownership Lease: approx. 118 years
Council Tax Band: C
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
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.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
* This home can also be purchased outright (100% of the value) which is £315,000 and a purchaser would not need to meet the eligibility criteria listed above.
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Property reference SDO240341. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by SOWN - National.
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Broadband availability and predicted speed: obtained from Ofcom on May 26, 2022
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on May 26, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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