Plough Close, London

Shared Ownership

This superb modern home is available to buy from as little as £90,000 with a 25% share!

Offered to the market with no onward chain, this fourth floor apartment features a bright and spacious reception room with direct access to a private balcony, a fitted kitchen, a double bedroom and a modern bathroom.

Situated in a convenient North West London location, Ainsworth Court enjoys excellent access to a wide range of local amenities including supermarkets, cafés, restaurants and everyday conveniences. The nearby open spaces of Roundwood Park and Gladstone Park provide excellent opportunities for walking, running and outdoor recreation, while the vibrant areas of Harlesden, Willesden and Kensal Green are all within easy reach.

Commuters are well served by excellent transport links, with nearby Harlesden, Willesden Junction and Stonebridge Park stations offering London Overground and Bakerloo Line services, alongside numerous local bus routes. The A40, North Circular (A406) and M1 are also easily accessible, making travel across London and beyond straightforward.

PRICING & AFFORDABILITY

Full Market Value: £360,000

25% Share Price: £90,000 (rent £618.75pcm)
Minimum 5% Mortgage Deposit (25% share): £4,500
Approximate Service Charges: £286.83pcm*
Lease: 250 years

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

^The development operates a permit parking scheme on a first-come, first-served basis. Parking spaces are not allocated and, even with a valid permit, parking cannot be guaranteed. If no parking bay is available, alternative parking arrangements would need to be made.
Based on the latest information available, there are currently up to 90 permits permitted within the development, with approximately 88 permits already issued. Residents can contact PCM directly to arrange a parking permit. Please note that permits are vehicle-specific, and the vehicle must be registered to the property.