1 bed terraced house for sale

Symphony Mews, London W10

Shared ownership (Advertised price represents 30% share. Full market value £500,000. Applicants must currently live and/or work in the City of Westminster borough). A great chance to buy a one-bedroom shared-ownership house. This two-storey property is at the end of a short terrace that forms part of a late Victorian/early Edwardian school conversion. Internally the house is stylishly presented and has a slightly unconventional, 'upside down' layout - a smart, modern shower room and a bedroom with built-in wardrobe on the ground floor while upstairs is a dual-aspect reception room with a semi-open-plan kitchen/dining area. There is a small patio to the side of the building and an off-street parking space. Queen's Park, for Bakerloo Line and London Overground services, is only a short walk away and there is an M&S food hall conveniently located close to the station.

Interested parties are required to complete the shared ownership common application form []

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: A2Dominion.
Tenure: Leasehold (125 years from 26/01/2001).
Minimum Share: 30% (£150,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £764.84 per month (subject to annual review).
Service Charge: £89.67 per month (subject to annual review).
Guideline Minimum Income: Dual - £56,300 | Single - £64,700 (based on minimum share and 10% deposit).
Council Tax: Band E, Westminster City Council. Applicants must be living or working in Westminster and should be registered with them. []

This property is offered for sale in the condition seen. The housing association does not warrant to carry 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.

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 from 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.

Patio Garden

21' 5" x 4' 7" (6.53m x 1.40m)

Bedroom

13' 8" max. X 12' 11" max. (4.17m x 3.94m)

Reception Room

13' 9" max. X 12' (4.19m x 3.66m)

Kitchen

13' 9" x 6' 10" (4.19m x 2.08m)