2 Bed Flat For Sale – Kingsbury
Features and description
- Leasehold
- Guideline Minimum Deposit £14,200
- Guideline Income Dual – £50.8k Single – £56.4k
- Ground Floor with Small Patio
- Approx. 605 Sqft Gross Internal Area
- Semi-Open Plan Kitchen/Reception
- Double Glazing and Gas Central Heating
- Parking Space
- Short Walk from Kingsbury Station
Tenure: Leasehold (198 years from 2002).
Minimum Share: 40% (£142,000). The housing association will expect that you will purchase the largest share of affordable.
Shared Ownership Rent: £683.19 per month (subject to annual review).
Service Charge: £119.19 per month (subject to annual review).
Guideline Minimum Income: Dual – £50,800 Single – £56,400 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Brent. Priority is given to applicants living and/or working in this local authority.This property is offered for sale in the condition seen. The housing association does not warrant carrying out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets are not permitted (except assistance animals).
What is shared ownership?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned by existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.
Is shared ownership for you?
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases, you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full-time permanent employment.
5. Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
Ground Floor
Reception / Dining Room
15′ 10″ x 10′ 6″ (4.83m x 3.20m)
Kitchen
9′ 0″ x 7′ 4″ (2.74m x 2.24m)
Bedroom 1
12′ 9″ x 9′ 6″ (3.89m x 2.90m)
Bedroom 2
12′ 8″ x 8′ 4″ (3.86m x 2.54m)
Shower Room
Floor Plans and Tours
