Douglas Close - NH28

2 bedroom homes in Douglas Close,Stanmore, London, Harrow, HA7 3FE

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £186,000 for 40% share
Full price from £465,000
Min deposit from £18,600
Monthly rent from £527
Service charge from £50
Bedrooms 2
Bathrooms 2
Wheelchair accessibility No
Pets No
Energy efficiency rating B

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

First floor 2 bedroom semi detached house for £186,000 40% share of £465,000 in the London Borough of Harrow. Available through Shared Ownership.

Ground Floor

Hallway, Kitchen, Lounge, Separate WC

First Floor

Bedroom (1), Bedroom (2) with ensuite, Bathroom with WC, Landing.

Externally

The property has a garden.

Allocated parking space

GIA

85sq.m

Accessibility rating 
A

EPC rating

B

Length of lease

92 years

Borough
Harrow

 

You will need to be earning a guidance income of at least £55,436. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £18,600. Total approximate savings required £22,600.

Important borough specific eligibility criteria
Harrow

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.

 

Monthly Fees

**Monthly Mortgage: £940.77

Monthly Rent: £526.68

NHHO Service Charge: £50.06

Ground Rent: £20.83

Estimated Total (per month): £1,517.51 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.

 

 

Local area information

Local Transport

Douglas Close - 0.9 miles

Canons Park - 1.3 miles

 

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 - NH28

2 bedroom homes in Douglas Close,Stanmore, London, Harrow, HA7 3FE

Tenure Shared ownership
What is Shared ownership?
Availability Available
Min share price from £186,000 for 40% share
Full price from £465,000
Min deposit from £18,600
Monthly rent from £527
Service charge from £50
Bedrooms 2
Bathrooms 2
Wheelchair accessibility No
Pets No
Energy efficiency rating B

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