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Junction West

Shared ownership

Merrick Road, Southall, London, UB2 4AU

For salenew home
Shared ownership
Photo of Junction West
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  • from

    £73,750

    1 bedroom

  • from

    £90,000

    2 bedroom

  • from

    £127,500

    3 bedroom

from

£73,750

with min. deposit

£3,688

Latimer

£73,750

1 bedroom flat

£76,250

1 bedroom flat

£90,000

2 bedroom flat

£91,250

2 bedroom flat

£92,500

2 bedroom flat

£102,500

2 bedroom flat

£107,500

2 bedroom flat

£108,750

2 bedroom flat

£108,750

2 bedroom flat

£127,500

3 bedroom flat

£127,500

3 bedroom flat

£127,500

3 bedroom flat

£137,500

3 bedroom flat

Availability

For sale

For sale

For sale

For sale

For sale

For sale

For sale

For sale

For sale

For sale

For sale

For sale

For sale

Minimum share

25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

Full market price

£295,000

£305,000

£360,000

£365,000

£370,000

£410,000

£430,000

£435,000

£435,000

£510,000

£510,000

£510,000

£550,000

Deposit from

£3,688

£3,813

£4,500

£4,563

£4,625

£5,125

£5,375

£5,438

£5,438

£6,375

£6,375

£6,375

£6,875

Monthly rent

£507

£524

£450

£456

£462

£512

£537

£543

£543

£637

£637

£637

£687

Monthly service charge

£83

£83

£101

£101

£101

£116

£131

£131

£129

£153

£153

£153

£174

Bedrooms

1

1

2

2

2

2

2

2

2

3

3

3

3

Bathrooms

1

1

1

1

1

1

1

1

1

1

2

2

1

Reception rooms

1

1

1

1

1

1

1

1

1

1

1

1

1

Furniture status

unfurnished

unfurnished

unfurnished

unfurnished

unfurnished

unfurnished

unfurnished

unfurnished

unfurnished

unfurnished

unfurnished

unfurnished

unfurnished

Number of floors

1

1

1

1

1

1

1

1

1

1

1

1

1

Entrance floor

2nd floor

Higher than 9th floor

2nd floor

7th floor

Higher than 9th floor

7th floor

2nd floor

7th floor

7th floor

3rd floor

2nd floor

7th floor

9th floor

Tenure

leasehold

leasehold

leasehold

leasehold

leasehold

leasehold

leasehold

leasehold

leasehold

leasehold

leasehold

leasehold

leasehold

Overview

Why rent when you can buy at Junction West?

Own your very own one bedroom apartment from as little as £3,688 deposit!

This is based on your 25% share of full market value, totalling £73,750 of a 1 bedroom apartment, starting from £295,000.

Monthly cost is £908 (based on a service charge of £83 per month, rent on unsold equity 2.75% - £507 per month, mortgage term of 30 years at 3.59% - £318 per month)

**Come Along to our Mortgage Advisor Event**

Saturday 23rd July 10am-4pm

We will have an Independent Mortgage Advisor present on the day, to answer all of your financial queries. Plus, you'll find out exactly how our DEPOSIT BOOST could help you on …

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.

from

£73,750

with min. deposit

£3,688

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