2 bedroom flat for sale

SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £625,000. Applicants MUST currently live and/or work in the London Borough of Hammersmith & Fulham). A great chance to buy a two-bedroom, shared-ownership flat in a much sought-after part of West London. This second-floor property has a reception room with corner balcony plus large windows on two sides. The main bedroom is also dual-aspect and includes a built-in wardrobe. There is a generously-sized second double bedroom, a spacious, naturally-lit kitchen and a simple, white-tiled bathroom. Well insulated walls, modern double glazing and gas central heating make for a very good energy-efficiency rating. Invermead Close is a private cul-de-sac just off Goldhawk Road. Stamford Brook Station (District Line) is only a few minutes walk away and the lake, gardens and green open spaces of Ravenscourt Park are close by. There is a wide selection of shops and restaurants on nearby Chiswick High Road and King Street plus plenty more within easy reach. The development has a communal cycle store and, although the flat does not come with an allocated parking space, residents can apply for a permit to park within the development.

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

(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: A2Dominion.
Tenure: Leasehold (125 years from August 2004).
Minimum Share: 35% (£218,750).
Shared Ownership Rent: £907.13 per month (subject to annual review).
Service Charge: £191.62 per month (subject to annual review).
Guideline Minimum Income: Dual - £81,900 (based on minimum share and 10% deposit), Single - £88,200 (minimum share, 20% deposit).
Council Tax: Band E, London Borough of Hammersmith & Fulham. Applicants MUST currently live and/or work in the 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).

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.