SHARED OWNERSHIP
Genteel House 5th Floor
Share Price (25%) £86,250
Full Value Price £345,000
SHARED OWNERSHIP
Genteel House 5th Floor
Share Price (25%) £86,250
Full Value Price £345,000
- Nearest train station: Southall, West Ealing, Ealing Broadway stations
- Bus links: 195, 120, 482
- Private balcony
- Private parking
- Fitted wardrobe
- Integrated appliances
- Secure bike storage
- Playground
- Central heating
- Communal garden
- 10 minute walk to nearest train station
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Resale Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.
Financial information
- Tenure: Leasehold
- Remaining lease term: 120 years
- Annual ground rent amount: £0
- Ground rent review period: Annually
- Annual service charge amount: £2,552.52
- Service charge review period: Annually
- Council tax band: B
Floorplan
Financials*
Full Value
£345,000
Share Price
£86,250
Share Value
25%
Monthly Cost
£937
Monthly Rent
£710
Monthly Service Charge
£227
Minimum Household Income
£43,500
Maximum Household Income
£90,000
*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.
Location
Genteel House, Samara Drive, Southall, Ealing, UB1 1FJ Open in Google Maps