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Location
Flat 23 Lowden Road, Southall, Southall, London, UB1 1AU
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Buying options
Shared Ownership
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Full value
£220,000
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Share value
(50%) £110,000
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Bedrooms
1
Property reference number: 1639532
This fantastic 1-bedroom apartment is conveniently located in the heart of Ealing just a 5-minute drive from Southall station, offering quick access into London Liverpool Street and Central London.
On your doorstep, you have access to a range of restaurants, cafes and shops including an Iceland Supermarket just a short drive away for everyday needs. On top of this, there's plenty of outdoor spaces to explore including Southall park and Spikes Bridge Park.
Nearest stations: Southall Railway and Underground Station (0.9 miles), Hayes & Harlington Station (2.5 miles).
Bus routes nearby: 427, SL8
Key features:
- Communal garden
- Fitted wardrobe
- Freestanding gas cooker
- Parking available
- Central heating
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 [email protected] and our team will be able to help you.
What is Resale 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: 97 years
Annual ground rent amount: £0
Ground rent review period: No ground rent to pay until final staircasing
Annual service charge amount: £1,879.68
Service charge review period: Annually
Council tax band: B
*Financial information correct as of 15/10/2024
Downloads
Financials
| Financials | |
|---|---|
| Full Value | £220,000 |
| Share Percentage | 50% |
| Share Value | £110,000 |
| Monthly Mortgage | £522.00 |
| Monthly Rent | £251.41 |
| Minimum Household Income | £30,250 |
| Maximum Household Income | £90,000 |
| Deposit Required | £11,000 |