SHARED OWNERSHIP
Montgomery House
(Share Price (35%) - £94,500
Full Value Price £270,000
SHARED OWNERSHIP
Montgomery House
(Share Price (35%) - £94,500
Full Value Price £270,000
Property reference number: 1638768
Montgomery House is a 2-bedroom open plan flat with a private balcony, lift access, secure bike storage & underground parking for £80 annually is available in Northolt. The lease remaining on the property is 88 years.
There are good transport links with Northolt and Greenford Stations linking you to Oxford Street Station in 35 minutes. Local buses serve the area. Local amenities like Tesco, Lidl and restaurants and cafes are located 0.8 miles away. For leisure & enjoyment, various restaurants, bars, cafes and shops are within walking distance including an abundance of green spaces (parks and football fields). There are also a wealth of primary schools in the local area.
- Nearest Station: Northolt and Greenford Stations on the central line
- Bus routes nearby: E7, E6, E9, E10, 282, 120, N7
The property located on the fifth floor comprises:
- Entrance: Hallway with storage cupboards, entry phone system.
- Living Room: Spacious lounge with floor to ceiling windows and open plan kitchen with a view of the city. Laminate dark brown oak flooring.
- Kitchen: Oak effect units with laminate kitchen worktop with tiled backsplash. Integrated appliances: electric cooker and induction hob. Grey tile effect laminate flooring
- Bedroom One: Double bedroom with floor to ceiling windows. Beige carpeted flooring.
- Bedroom Two: Double bedroom with laminate oak effect flooring.
- Bathroom: White suite comprising a large bath with shower head, partially tiled and painted walls and a towel rail. A mirror and sink with cabinet is also included. Laminate Black flooring.
- Outside: Private balcony, lift access, secure bike storage, underground parking for £80 annually
What happens after I register my interest?
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.
Financial information
- Tenure: Leasehold
- Remaining lease term: 88 Years
- Annual ground rent amount: £150.00 year 1-25, £300.00 year 26-50, £600.00 year 51-75, £1,200.00 year 76-99
- Ground rent review period: £150.00 year 1-25, £300.00 year 26-50, £600.00 year 51-75, £1,200.00 year 76-99
- Annual service charge amount: £2,961.00
- Service charge review period: 1st April annually
- Council tax band: Band D
Financials*
Full Value
£270,000
Share Price
£94,500
Share Value
35%
Monthly Cost
£1,155
Monthly Mortgage
£510
Monthly Rent
£398
Monthly Service Charge
£247
Minimum Household Income
£40,000
Maximum Household Income
£90,000
Deposit Required
£9,450
*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.
Location
Montgomery House, Taywood Road, London, Ealing, UB5 6WT Open in Google Maps