Douglas Close

Studio homes in Harrow, Harrow, HA7 3FJ

Tenure Shared ownership
What is Shared Ownership?
Availability Available

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

One bedroom second floor flat, in the London Borough of Harrow, available to buy through Shared Ownership. Full market value £290,000. 30% share available, share price £87,000.

Monthly fees
Monthly Mortgage**: £462.50 
Monthly Rent: £372.84
Notting Hill Housing Service Charge*: £124.38
Notting Hill Administration Fee: £0
Ground Rent: £12.50 
Council Tax: £121

Estimated Total (per month): £972.22 (excluding council tax)

*Service Charge payable to Notting Hill Housing 
**Estimate: The monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage the rent may increase each year, the increase calculation will be specified in the lease.

Ground floor
Intercom, entrance hall and stairwell to:

Second floor
Entrance Hall with storage cupboard, living room/kitchen (6.5 m x 3.8 at widest) with door to balcony, bedroom (4.9m x 3.8m at widest) Bathroom (2.4m x 2.0m) with panelled bath and shower over wash hand basin

External
Balcony

GIA
47.8 square metres (515 sq. ft) as per RICS valuation

Accessibility rating 
F – General Housing

EPC rating
B

Length of lease
94 years

Borough
Harrow

Illustration by: James Halsall

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.

Douglas Close

Studio homes in Harrow, Harrow, HA7 3FJ

Tenure Shared ownership
What is Shared Ownership?
Availability Available

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.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes