1 bed flat for sale

Arden Close, Twickenham TW2

Shared Ownership

This superb modern home is available to buy from as little as £165,000 with a 75% share!

This beautifully presented top floor apartment is located between Twickenham and Feltham. The bright and airy accommodation provides an open plan kitchen/living space, good size double bedroom and a modern bathroom. Outside there are well maintained communal gardens and there is allocated parking for one car.

Twickenham, London, offers a variety of amenities, including dining options, recreational facilities and educational institutions. There are good transport links from the location with easy access to multiple train stations providing connections to London Waterloo and other towns and cities. The area is also well connected to several major motorways (M3, M25, M4)
Pricing & affordability


Full Market Value: £220,000

75% Share Price: £165,000 (rent £155.07 pcm)
Minimum 5% Mortgage Deposit (75% share): £8,250
Approximate Service Charges: £102.93 pcm*
Shared Ownership Lease: Extended on completion
Council Tax Band: C
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 £80,000
• 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 £220,000 and a purchaser would not need to meet the eligibility criteria listed above.