Share Price £118,500 (from 30% Min. Share)

Full Value £395,000 | £11,850 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Barnet

place Avro House, 5 Boulevard drive, NW9 5HF

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Sixth floor, two bedroom apartment in the London borough of Barnet for £118,500 at 30% share price of £395,000 available through Shared Ownership.


Eligibility

You will need to be earning a guidance income of £54,703. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,850. Total approximate savings required £15,850.

Important borough specific eligibility criteria

Borough of Barnet

All London applicants are welcome however applicants living or working in the Barnet borough will be given priority.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.


Description

Ground floor

Communal Entrance and Passenger Lift

Sixth Floor

Hall, Reception/Kitchen, Two Bedrooms and Bathroom with WC.

External

The property has an allocated parking space and use of communal gardens.

GIA

65 sqm

Accessibility rating

A

EPC rating

D

Length of lease

110 years

Borough

Barnet

Monthly Fees

Estimated Mortgage: £599.36

Rent:£664.15

Service Charge: £254.50

Estimated Total (per month): £1,518.01 excluding council tax

*Estimate – The monthly mortgage is based on an interest rate of 4.5% with a capital and interest repayment over 25 years. It is based on a 10% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.


Key Features

Modern development
Lift access
Parking
Convenient local amenities including Tesco Express


Local Transport

Colindale Station (Northern Line) - 0.4mi


Download Documents

Link to the floor plan

Accessibility

A – Wheelchair Accessible Throughout

Meets the design standards from the Wheelchair Housing Design Guide which superseded the Housing Corporation wheelchair design standards. These properties have been designed to meet latest wheelchair accessible housing design standards, offering extra space and full access to all rooms and facilities. This standard provides more space than previous wheelchair housing design guidance and also ensures that all rooms are accessible. In view of the high density of new build housing stock in London, the parking features have been excluded from this category. This will enable wheelchair accessible homes built above ground floor level to be categorised as such.


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Calculate Monthly Cost

Share price
£ 118,500
Min. £118,500
Share percentage
Min. 30%
Your deposit
Min. £11,850
Monthly cost*
£1,430
Cost breakdown
£664
Rent
£255
Service charge
£511
Mortgage*
Calculated using a representative rate of 3.09%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.