Watson House - ref (GEN5)

3 bedroom homes in Elmgrove Road, Harrow, Harrow, HA1 2QQ

Tenure Shared ownership
What is Shared ownership?
Availability Available
Full price from £420,000
Min deposit from £21,000
Monthly rent from £496
Service charge from £141
Bedrooms 3
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

3 bedroom Ground Floor Maisonette in Harrow for £210,000 (50% share price of £420,000 full market price), available through Shared Ownership.

Estimated Monthly Fees

Mortgage: £1,062.16

Rent: £496.18

Service Charge: £140.76

Annual Estimated Council Tax: £1,785

Estimated Total (per month): £1,669.10 (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

London Underground and National Rail
Harrow & Wealdstone 0.7 miles
Kenton 0.8 miles

National Rail
Harrow on the Hill 0.7 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.

Watson House - ref (GEN5)

3 bedroom homes in Elmgrove Road, Harrow, Harrow, HA1 2QQ

Tenure Shared ownership
What is Shared ownership?
Availability Available
Full price from £420,000
Min deposit from £21,000
Monthly rent from £496
Service charge from £141
Bedrooms 3
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