2 bedroom flat for sale

SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £625,000). A rare chance to buy a shared-ownership property in such a central and desirable location. The smartly-presented, south-east-facing flat is on the first floor of an attractive, modern building with gated forecourt. Internal features include a large reception room with open-plan kitchen area, a spacious main bedroom plus a good-sized second double bedroom and a simple, white-tiled and naturally-lit bathroom. The flat comes with bike storage and residents of the block can make use of the communal roof terrace. West Brompton, for London Overground and District Line services, is the nearest station and just a short walk away. West Kensington is only a couple of minutes further and offers access to other District Line routes plus the Elizabeth Line. Fulham Broadway provides an additional transport option, along with a range of shops and other amenities. Ofsted list seven (state) schools within a half-mile radius that are rated either 'Good' or 'Outstanding'.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [HERE; ]

(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: Shepherds Bush Housing Association.
Tenure: Leasehold (125 years from 17/06/2011).
Minimum Share: 40% (£250,000).
Shared Ownership Rent: £744.71 per month (subject to annual review).
Service Charge: £199.56 per month (subject to annual review).
Guideline Minimum Income: Dual - £83,000 (based on minimum share and 10% deposit) | Single - £88,500 (minimum share, 20% deposit).
Council Tax: Band E, London Borough of Hammersmith & Fulham.

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). There is no parking space offered with this property.

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:

1. Not own another property in the UK or any other country.
2. 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.
3. 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).
4. Be in full time permanent employment.
5. Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.