Windmill Road

Studio homes in Hounslow, Hounslow, W5 4BT

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 floor flat, in the London Borough of Hounslow, available to buy through Shared Ownership. Full market value £450,000 including £8,500 worth of Leaseholder Improvements. 60% share available, share price £273,400 – includes £8,500 worth of leaseholder improvements.

Monthly fees
Minimum Income: £64,556 
Monthly Mortgage*: £1,435.35 
Monthly Rent: 214.83 
Notting Hill Service Charge**: £141.26 
Council Tax: £116.92

Estimated Total (per month): £1,791.44 (excluding Council Tax)

*Estimate 
** Service Charge payable to Notting Hill Housing 
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
Shared lobby entrance hall and with stairs to upper floors

Ground floor
Flat entrance leading to hallway, large cupboard, combined bathroom/W.C, two bedrooms, large reception room and dining area, enclosed kitchen.

External
Private rear garden, allocated parking space

GIA
56.98 square metres as per RICS valuation

Accessibility rating 
E - Step Free

EPC rating
D

Length of lease
166 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.

Windmill Road

Studio homes in Hounslow, Hounslow, W5 4BT

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