1 bedroom apartment for sale

Available

Flat 12, Bronze House, NW9 4FT

£92,500 · Shared Ownership New Build

Share percentage 25%, full price £370,000, £4,625 Min Deposit.

Available
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£92,500 Shared Ownership New Build · Eligibility Eligibility

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

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Eligibility
To be eligible for shared ownership you would need to meet the following criteria:
  • 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.
Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
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. 1 bedroom 3rd floor apartment
  2. Flooring throughout
  3. Storage space
  4. Open plan living
  5. Private balcony
  6. Modern fitted kitchen
  7. 3 piece bathroom with shower over bath
  8. There will be an added service charge
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Energy Certificate
Map
Colindale (0.05 miles) Burnt Oak (0.82 miles) Hendon (1.15 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£92,500
Shared Ownership New Build
Estimated Monthly Cost:£1,201
Rent £636
Service Charge £85
Mortgage £480

Share percentage 25%, full price £370,000, £4,625 Min Deposit. Calculated using a representative rate of 4.32%


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.