1 bedroom shared living/flatmate for sale

Overview

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Shared OwnershipThis superb modern home is available to buy from as little as £130,000 with a 50% share!Situated on the second floor and within walking distance of Strawberry Hill Train Station is this one bedroom apartment, being offered to the market with no onward chain. The accommodation includes a lounge/diner with juliette balcony and access through to a fitted kitchen. There is a double bedroom and bathroom.Bradley House is just a short walk from Twickenham Station and is on the door step of local shops, restaurants and pubs that Twickenham has to offer. The River Thames is less than a 10 minutes walk and there is a bus stop less than 1 minute from the apartment offering easy links to Richmond underground, overground and mainline links to Waterloo and central London.PRICING & AFFORDABILITYFull Market Value: £260,00050% Share Price: £130,000 (rent £488.96pcm)Minimum 5% Mortgage Deposit (% share): £6,500Approximate Service Charges: £220.75pcm* Shared Ownership Lease: approx. 99 years (being extended by the current owner as part of the sale)Council Tax Band: CELIGIBILITYShared 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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.** This home can also be purchased outright (100% of the value) which is £285,000 and a purchaser would not need to meet the eligibility criteria listed above.