Penard Road

Studio homes in Ealing, Ealing, UB2 4XN

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

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

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.

Penard Road

Studio homes in Ealing, Ealing, UB2 4XN

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