1 bedroom apartment for sale
Flat 12, Bronze House, NW9 4FT
Share percentage 25%, full price £370,000, £4,625 Min Deposit.
Share percentage 25%, full price £370,000, £4,625 Min Deposit.
Monthly Cost: £1,201
Rent £636,
Service charge £85,
Mortgage £480*
Calculated using a representative rate of 4.32%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- 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.
Summary
Wonderful 1 bedroom apartment in the brand new Colindale development. The price advertised represents purchasing a 25% share of the home.
Description
Wonderful 1 bedroom apartment in the brand new Colindale development. The price advertised represents purchasing a 25% share of the home.
ELIGIBILITY CRITERIA:
Applicants need to be living or working in the London Borough of Barnet.
About the Development
Located on Colindale Avenue, opposite Colindale Tube Station, offering a range of one and two bedrooms apartments from Redrow developers. Perfect for first time buyers, making it easy for eligible purchasers to get on the property ladder quicker. Within walking distance Northern Line tube and amenities, bars, restaurants and bus routes. With Colindale Primary School less than 1000 yards away. Colindale is a place where young professionals can find affordable living.
About the Home
This property is a one bedroom, third floor apartment situated on the popular development of Colindale Gardens. The property comprises an open plan kitchen / reception room, which opens to a private balcony. There is a spacious one bedroom, a three piece bathroom with shower
over bath and spacious cupboards in the hallway. Apartments are located opposite Colindale Station and a two minute walk from the nearby High Street of Colindale.
About the Area
Colindale is a vibrant community in North West London, conveniently located just a short walk from the Northern Line tube station, with access to both the West End and the City. Colindale balances beautifully between student living and the perks of a modern neighbourhood. It stands at the centre of a triangle with Edgware at the north, Harrow in the west and Brent Cross to the east. Primary Schools in Colindale include the outstanding Hyde School, plus a number of faith schools.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- 1 bedroom 3rd floor apartment
- Flooring throughout
- Storage space
- Open plan living
- Private balcony
- Modern fitted kitchen
- 3 piece bathroom with shower over bath
- There will be an added service charge
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £370,000, £4,625 Min Deposit. Calculated using a representative rate of 4.32%
