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Channing Court

Shared ownership

Acton, London, W3 8SY

For sale
Shared ownership
Photo of Channing Court
Live from space album cover

from

£127,500

with min. deposit

£12,750

30% Share from
£127,500
Full market price
£425,000
Minimum deposit
£12,750
Monthly rent
£488
Monthly service charge
£165.2
Annual ground rent
£100
Reservation free
£500

1 bedroom flat

SHARED OWNERSHIP


Full Market Value: £425,000
Share Value (30%): £127,500
Monthly Rent: £488.29
Service Charge: £165.20
Ground rent: £100 per annum


125 year lease commenced October 2017 - 119 years remaining


EWS1 Certification is available for this property.


Acton Gardens is walking distance from the wide array of shops and restaurants Chiswick and Acton have
to offer. There are also excellent transport links with Acton Town tube station close by, featuring the
Piccadilly and District line tube as well as the overland service at South Acton station and road links to
Heathrow Airport.


The buyer will require a deposit to obtain a mortgage for this property.

Features

Communal Garden

Bedrooms1
Bathrooms1
Reception rooms1
Floor area54
Number of floors1
Entrance floor5th floor
Tenureleasehold
Lease years119
EER Current86
EER Potential86
EIR Current94
EIR Potential94

from

£127,500

with min. deposit

£12,750

30% Share from
£127,500
Full market price
£425,000
Minimum deposit
£12,750
Monthly rent
£488
Monthly service charge
£165.2
Annual ground rent
£100
Reservation free
£500
L&Q

L&Q

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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