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%.

Penard Road


Ealing, Ealing, UB2 4XN

Shared ownership
Studio bedroom homes
Share price
Coming soon
Full price
Coming soon

Overview

A two bedroom first floor flat in the London Borough of Ealing, available to buy through Shared Ownership. Full market value £240,000 50% share available, share price £120,000
Improvements £5000

Monthly fees
Monthly Mortgage**: £637.93 
Monthly Rent: £248.01 
NHHO Service Charge*: £147.02 
Council Tax: £113.42

Estimated Total (per month): £1,032.96 excluding council tax

*Service Charge payable to Notting Hill 
**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
Communal front entrance controlled by security entry phone system with stairs to the first floor flat

First floor
Entrance hall, lounge with balcony off living room, kitchen, 2 bedrooms and bathroom

External
Communal gardens
Private rear balcony off lounge

GIA
70 square metres as per RICS valuation

Accessibility rating 
F

EPC rating
C

Length of lease
80 years


Local area information

0.5m Southall

1.4m Hanwell

1.8m Drayton Green

2m Castle Bar Park

2.1m West Ealing


Housing Provider

Notting Hill Genesis
Shared ownership
Studio bedroom homes
Share price
Coming soon
Full price
Coming soon