Malthouse Court

Studio homes in Brentford, Hounslow, TW8 0FR

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

Two bedroom ground flat available to buy through Shared Ownership in the London Borough of Hounslow. Full market value £550,000 share available to buy is 50% with an asking price of £275,000.

Monthly fees
Income: £81,641
Monthly Mortgage*: £ 1,461.93 
Rent: £ 543.52 (from 1st April 2017)
Ground Rent: £25.00
Service Charge**: £235.09 (from 1st April 2017)
Council Tax: £138.08

Estimated Total (per month): £2,265.54 (excluding Council Tax)

*Estimate 
** Service Charge payable to Resident Management Company
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 flat
Entrance leading to hallway, reception room /kitchen area, Two bedrooms, one with en-suite shower room/WC, and family bathroom/WC

External
Two balconies, Disabled parking bay

GIA
87 square metres as per RICS valuation

Accessibility rating
F – General access

EPC rating
B

Length of lease
96 years

Borough
Hounslow

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.

Malthouse Court

Studio homes in Brentford, Hounslow, TW8 0FR

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