Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Denton Court - GEN1, 2 bed homes


Denton Court, 2 Swan Road, West Drayton, Mablethorpe, Hillingdon, UB7 7JG

Shared ownership

Starting prices

65% share from
£208,000
Full price
£320,000
Minimum deposit
£20,800
Monthly rent
£273
Monthly service charge
£103

Overview

Ground floor two bedroom home in the London borough of Hillingdon for £208,000 at 65% share price of £320,000 available through Shared Ownership.

 

SPECIFICATION

Ground Floor

Bedroom 1 with en suite

Bedroom 2

Living room/Kitchen (Open plan)

Three-piece family bathroom

Entrance Hallway

Storage cupboards

External

Gated parking area with to the rear of the block with allocated parking space and small outside space

GIA

60 sqm

Accessibility rating

F

EPC rating

C

Length of lease

112 years remaining

Borough

Hillingdon

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ELIGIBILITY

You will need to be earning a guidance income of £51,456. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £20,800. Total approximate savings required £24,800.

Important borough specific eligibility criteria

Hillingdon

Priority will go to applicants with a connection to Hillingdon but all applicants can apply.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.

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Monthly Fees

*Monthly Mortgage: £1,052.05

Monthly Rent: £273.23

Service Charge: £102.63

Estimated Total (per month): £1,427.91 excluding council tax

*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.
may increase each year, the increase calculation will be specified in the lease.

 

 


Local area information

Allocated parking space
Gated parking area
The property is within a short walk of the Town Centre
 

Local Transport

West Drayton Station - 0.3miles


Housing Provider

Notting Hill Genesis
Shared ownership

Starting prices

65% share from
£208,000
Full price
£320,000
Minimum deposit
£20,800
Monthly rent
£273
Monthly service charge
£103