Denton Court - GEN1
2 bedroom homes in Denton Court, 2 Swan Road, West Drayton, Mablethorpe, Hillingdon, UB7 7JG
| Tenure |
Shared ownership What is Shared Ownership? |
| Availability | Available |
| Min share price from | £208,000 for 65% share |
| Full price from | £320,000 |
| Min deposit from | £20,800 |
| Monthly rent from | £273 |
| Service charge from | £103 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Parking | 1 |
| Wheelchair accessibility | No |
| Pets | No |
| Energy efficiency rating | C |
Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.
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
Register Interest
Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.
Denton Court - GEN1
2 bedroom homes in Denton Court, 2 Swan Road, West Drayton, Mablethorpe, Hillingdon, UB7 7JG
| Tenure |
Shared ownership What is Shared Ownership? |
| Availability | Available |
| Min share price from | £208,000 for 65% share |
| Full price from | £320,000 |
| Min deposit from | £20,800 |
| Monthly rent from | £273 |
| Service charge from | £103 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Parking | 1 |
| Wheelchair accessibility | No |
| Pets | No |
| Energy efficiency rating | C |
Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.
Housing Provider
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