Introducing Woodfield Quarter, a collection of one and two bedroom apartments available for shared ownership purchase to those living or working in Westminster and registered with Homeownership Westminster (HOW).
This exclusive block of shared ownership apartments, consists of one bedroom apartments and two bedroom apartments located in Maida Hill, W9 and only a few minutes’ walk from Westbourne Park Station.
Important: please ensure you meet the household income requirements listed below prior to expressing your interest.
Priority for the 2 bed apartments is to families with dependent children and then to sharers.
Specifications include - Modern fitted kitchen with oven, hob and extractor hood. White goods include fridge/ freezer, washer dryer and dishwasher. Private outdoor space in the form of balconies to some apartments.
|
Name of Housing Provider: |
Octavia |
|
Type of tenure? |
Shared Ownership |
|
If Shared ownership, is this opportunity a new build or resale? |
New Build |
|
Name of development (if appropriate) |
Woodfield Quarter |
|
Full address of development (including postcode): |
Apartments 1-71, Brick Apartments, 7D Woodfield Road, W9 2EF |
|
Type of property i.e. apartment or house |
Apartments |
|
Number of units available |
3 x 1 beds and 1 x 2 bed |
|
Eligibility criteria e.g. Is it key worker specific? |
Living or working in Westminster, registered with Homeownership Westminster |
|
Does the property have access for people with disabilities? |
Yes - lift |
|
Suggested minimum household income required to achieve affordability |
1 Beds: £43,805, 2 Beds: £60,615 (these household incomes assume a 10% deposit, therefore a higher deposit would result in a lower household income) |
|
Maximum Household Income to allow eligibility |
1 Beds: £55,000, 2 Beds: £75,000 |
|
Number of bedrooms |
1 & 2 bedrooms |
|
Number of years remaining on lease (if shared ownership or discounted market sale) |
125 years |
|
Minimum % Share Available and any restrictions on staircasing (if applicable) |
25%, no restrictions |
|
Value Range of properties (min to max) Full market value of property if resale |
1 beds - £670,000 - £700,000 2 beds - £790,000 |
|
Value of share offered |
25% |
|
Estimated Monthly Service Charge |
1 beds £195, 2 beds £255 |
|
Estimated Monthly Rent |
£613 - £741 |
|
Date Available |
Now |