2 bed flat for sale

Edmunds House, Colonial Drive, London W4

Shared ownership (Advertised price represents 25% share. Full market value £585,000). This well-presented apartment is on the second floor of a smart, modern development between Chiswick Park Station and the footbridge leading to Chiswick Business Park. The property has a twenty-eight-foot reception room with floor-to-ceiling windows along the south-west side. A sliding door leads out onto a full-width balcony which overlooks Gunnersbury Triangle Nature Reserve. The open-plan kitchen area features sleek, white units and large-format floor tiles. There is a main bedroom with built-in, mirror-fronted wardrobe plus a second, similar-sized double bedroom and a bathroom with pencil-mosaic detailing. A pair of storage/utility cupboards have been provided in the entrance hall and well insulated walls, modern double glazing and a communal heating and hot water system make for a good energy-efficiency rating. Acton Green Common, Turnham Green and the shops/amenities of Chiswick High Road are all close by. Ofsted list nine primary schools and two secondary schools within a mile radius, all rated either 'Good' or 'Outstanding'.

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: Clarion.
Tenure: Leasehold (125 years from 01/05/2014).
Minimum Share: 25% (£146,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £1238.19 per month (subject to annual review).
Service Charge (including heating and hot water): £544.98 per month (figure currently in dispute).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £90,000 (minimum share, 10% deposit) | Single - £90,000 (minimum share, 45% deposit).
Council Tax: Band E, London Borough of Ealing. Priority is given to applicants living and/or working in this local authority.

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. Pets not permitted. There is no parking space offered with this property.

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.

Reception

28' 8" max. X 13' 3" max. (8.74m x 4.04m)

Kitchen

Included in reception measurement

Balcony

28' 8" x 5' 3" (8.74m x 1.60m)

Bedroom 1

14' 11" max. X 9' 9" max. (4.55m x 2.97m)

Bedroom 2

12' 11" x 9' 10" min. (3.94m x 3.00m)

Bathroom

7' 2" max. X 6' 6" max. (2.18m x 1.98m)