1 bed flat for sale

Acton Lane, London NW10

Shared Ownership

This superb modern home is available to buy from as little as £124,000 with a 40% share!

Situated on the 9th floor of the contemporary Renown House development, this well-presented apartment offers bright, modern living with impressive elevated views across the London skyline. Available with no onward chain, the property features a dual aspect and open plan lounge/kitchen/diner with access to a private balcony, a double bedroom and a modern fitted bathroom.

Renown House enjoys a convenient position in NW10, with an excellent selection of local amenities, supermarkets, cafés and restaurants all within easy reach. The area continues to benefit from significant regeneration, making it an increasingly popular choice for buyers looking for a vibrant London neighbourhood with great value. Green spaces including Roundwood Park and Wormwood Scrubs are also nearby for outdoor leisure.

The property is exceptionally well placed for commuters, with Harlesden, Willesden Junction and North Acton stations all within easy reach, providing London Overground, Bakerloo and Central Line services. Excellent road connections via the A40, A406 North Circular and nearby M1 offer convenient access across London and beyond.
Pricing & affordability


Full Market Value: £310,000

40% Share Price: £124,000 (rent £499.70pcm)
Minimum 5% Mortgage Deposit (40% share): £6,200
Approximate Service Charges: £188.92 pcm*
Lease: 119 years remaining
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.

** This home can also be purchased outright (100% of the value) which is £310,000 and a purchaser would not need to meet the eligibility criteria listed above.