1 bed flat for sale in Cherry Blossom Court, Palladian Gardens, London W4, £118,750

118,750.00

Offer Nr.:
65874429
Type of ad:
for Sale
Property type:
1 bed flat
Bedrooms:
1
Bathrooms:
1
Reception rooms:
1
Contact name:
SOWN
Phone(s):
023 8234 9529

* Leasehold
* Underground car parking
* On - site concierge
* Excellent travel links
* Ground floor
* Private patio
* Modern shared ownership apartment
Shared Ownership
This superb modern apartment is available to buy from as little as £118, 750
with a 25% share!
This Spacious one bedroom ground - floor apartment benefits from a large, secure
allocated underground parking space and a private patio. The apartment
comprises an open - plan living space with a dining area, kitchen, and lounge, a
double bedroom and modern bathroom. The property also benefits from access to
beautiful communal gardens and an on - site concierge service 7 days per week 7
am - 7 pm.
Nearby Chiswick High Road is popular amongst local residents for an abundance
of restaurants, bars and prestige shops. A short walk over the river, you can
stroll for miles along the water's edge, or watch life float by from one of
the many historic pubs overlooking the river. Stations within walking distance
include Chiswick Station (15 minutes) (Overground) and Turnham Green Station
(15 minutes) (District & Piccadilly Line).
Pricing & affordability
Approximate Size 609 sq ft
Full Market Value: £475, 000
25% Share Price: £118, 750 (rent £763. 86pcm)
Minimum 5% Mortgage Deposit (25% share): £5, 937. 50
Approximate Service Charges: £374. 71pcm*
Shared Ownership Lease: Approx. 119 years
Council Tax Band: E
**Eligibility
**
Shared Ownership gives first time buyers and those that do not currently own a
home the opportunity to purchase a share in a new build or resales leasehold
property. The purchaser pays a mortgage on the share they own and pays rent to
a housing association on the remaining share. The combined mortgage and rent
is usually less than you’d expect to pay if you bought a similar property
outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following
criteria:
• Your annual household income does not exceed £90, 000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage
for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change.
** This home can also be purchased outright (100% of the value) which is
£475, 000 and a purchaser would not need to meet the eligibility criteria
listed above.

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