Ternary Place SO

1 - 2 bedroom homes in Hanger Lane, Ealing, Ealing, W5 3HJ

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £123,750 for 30% share
Full price from £412,500
Min deposit from £12,375
Monthly rent from £954
Service charge from £954
Bedrooms 1-2
Bathrooms 1
Parking 1
Wheelchair accessibility Adaptable

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

To get into the celebratory spirit we're offering a new incentive every week at Ternary Place*

Week 1: £2000 worth of John Lewis & partners vouchers**
Week 2: Your Service Charge paid for the year**
Week 3: Free groceries for up to 1 year** 
Week 4: Legal fees paid**
Week 5: First 2 months rent paid**

Nestled in a leafy corner of North Ealing, Ternary Place is a new space set within a tree-lined perimeter. This new residential destination comprises three buildings set back from the arterial route of Hanger Lane. Benefiting from roof gardens and landscaped green spaces between the three buildings, Ternary Place also boasts a high quality specification.

Final 1 & 2 bed Shared Ownership Viewings Available – Call 020 7021 4842 To Book Your Appointment Now

*Offer valid until 14 December 2019

**Only for new customers that reserve before 14 December 2019. Vouchers will be sent 30 days after completion. One voucher per apartment. £2,000 legal fee contribution is redeemable upon completion of your property. Service Charge & groceries are payable for 12 months up to the value of £2,000. First months rent is payable up to the value of £2000.

 

Local area information

Located in zone 3, Ternary Place is situated just a few minutes’ walk from North Ealing Underground station, served by the Piccadilly Line, and Ealing Common, served by the District Line. Also nearby Ternary Place is Ealing Common itself, offering a respite from city living, and the surrounding area plays host to a variety of quirky cafes, bars and restaurants close to home.

Status Plot No. Floor Beds Min share price Eligibility
Available Apartment 3 Ground Floor 1 £123,750 View details
Available Apartment 2 Ground Floor 2 £178,500 View details

FAQ's

Min share price from: £123,750 for a 30% share
Full price from: £412,500
Minimum deposit from: £12,375
Monthly rent from: £954
Bedrooms: 1
Bathrooms: 1

There are 2 available ranging from £123,750 for a 30% share to £178,500 for a 30% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.
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.

Ternary Place SO

1 - 2 bedroom homes in Hanger Lane, Ealing, Ealing, W5 3HJ

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £123,750 for 30% share
Full price from £412,500
Min deposit from £12,375
Monthly rent from £954
Service charge from £954
Bedrooms 1-2
Bathrooms 1
Parking 1
Wheelchair accessibility Adaptable

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