1 bedroom apartment for sale

Available

Coppetts Road, N10 1JN

£105,625 · Shared Ownership New Build

Share percentage 25%, full price £422,500, £5,281 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Deposit paid at The Folium!*
Floor plan
floor-plan
Floor plan
floor-plan
£105,625 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £422,500, £5,281 Min Deposit.

Monthly Cost: £1,482
Rent £726, Service charge £213, Mortgage £543*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs

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Eligibility

You may be eligible for this property if:

You have a gross household income of no more than £90,000 per annum.
You are unable to purchase a suitable home to meet your housing needs on the open market.
You do not already own a home or you will have sold your current home before you purchase or rent.

Summary

*READY TO MOVE IN NOW!* This brand new apartment could be yours from £105,625 for a 25% share! Reserve this January and get your deposit paid!*

Description

FINAL 2 REMAINING HOMES AT THE FOLIUM!

Reserve one of the stunning homes at The Folium this January and get up to £5,200 towards your deposit.*

Viewings by appointment only.


Plot 39 - The Cuckoo

Shared Ownership Cost Breakdown - 25% Share
* Full market value = £422,500
* 25% share price = £105,625
* Rent = £726pcm (charged at 2.75% of the unsold equity)
* Estimated service charge = £213pcm

Shared Ownership Cost Breakdown - 40% Share
* Full market value = £422,500
* 40% share price = £169,000
* Rent = £581pcm (charged at 2.75% of the unsold equity)
* Estimated service charge = £213pcm

Shared Ownership Cost Breakdown - 75% Share
* Full market value = £422,500
* 75% share price = £316,875
* Rent = £242pcm (charged at 2.75% of the unsold equity)
* Estimated service charge = £213pcm


How does Shared Ownership work?

Shared Ownership is a Government-backed scheme for first-time buyers who are unable to afford a suitable home at the full market price.

You initially purchase between 25-75% of the home's market value. You then pay subsidised rent on the remainder calculated at 2.75% per annum.

Am I eligible?

To be considered eligible for the Shared Ownership scheme your yearly income must be below £80,000. For London the limit is £90,000.

Those who already own a home are not eligible for the scheme. You would need to sell your current home to be considered

Will I need to pay a deposit?

In terms of a deposit you will need 5% of the percentage of the home you're purchasing.

Welcome to The Folium, a superb collection of one, two and three bedroom apartments available through Shared Ownership. These exceptional new homes are located in the green surroundings of Coppetts Wood.

The development creates a new, sustainable, residential community in leafy surroundings with two distinct areas. These comprise of an attractive street front with traditional front gardens and an internal courtyard, complete with a play garden for the kids. It also features generous tree planting throughout to complement the lush greenery of nearby Coppetts Wood and enhance the neighbourly character.

Muswell Hill offers vibrant metropolitan living with fabulous views of the centre of London. There's a wide choice of arty cafés, restaurants and bars, and plenty of green spaces including Highgate Woods, Queen's Wood and Hampstead Heath. The development is also located near the iconic North London venue, Alexandra Palace.

The Folium possesses strong connections to Haringey and the city via the Northern, Piccadilly and Victoria underground lines as well as bus links. The overground and National Rail stations are close by including Alexandra Palace station and New Southgate station. Kings Cross can be reached in 20 minutes from Alexandra Palace station while Moorgate is just 24 minutes from New Southgate station.

These apartments are offered on the Shared Ownership scheme, making them ideal and affordable for first time buyers.

Financials
Length of lease: 125 years
Annual service charge: £2700
Service charge review period: Yearly
Council tax band: (E £2297.44, F £2715.15, G £3132.87, H 3759.44)

As a shared owner, you’ll pay rent for the percentage of the property that you don’t yet own. Every year, we calculate your new rent and will write to you to confirm what your new rent will be. Depending on your new home, you’ll also pay a service charge. This covers a proportion of the cost for the services, management and maintenance of the your building and development where you live. Your lease will detail what’s down to you in terms of repairing and maintaining your home. To find out more visit https://www.chg.org.uk/your-home/shared-ownership/living-in-your-shared-home/ and speak to our sales team.

Show Home indicative only.

Key Features

Kitchens:

  • Silestone worktop
  • Undermounted 1 1/2 bowl stainless steel sink
  • Silestone splashback to hob
  • Blanco Galaxy tap
  • Under unit lighting
  • Single electric fan oven below worktop
  • NEFF 4-ring induction hob
  • NEFF integrated downdraft extractor unit
  • NEFF integrated washer/dryer
  • NEFF integrated dishwasher
  • NEFF integrated fridge/freezer
  • Bathroom and en suites:
  • Semi-recessed wash basin with mixer tap
  • WC with dual flush plate
  • Bath/shower with mixer tap and detachable showerhead (bathrooms only)
  • Built-in rainshower showerhead and mixer tap (shower rooms only)
  • Shower screen
  • Slimline double mirrored cabinet

Flooring:

  • Amtico Spacia flooring throughout hallway, living and dining areas
  • Minoli ceramic floor tiling to bathroom and en suites
  • Berkeley Twist carpets to bedroom

Electrical:

  • Inset and pendant lighting to all apartments
  • Schneider ultimate slimline light switches
  • Schneider ultimate slimline plug sockets
  • Shaver sockets
  • Sky+, Freesat and fibre optic connectivity
  • Smoke, heat & carbon monoxide detector
  • Video entry phoneCentralised MEV extract ventilation

General:

  • Built in wardrobes*
  • Front door with doorbell and spyhole
  • Flush finish internal doors with horizontal grooves, painted white
  • All internal walls painted white

*as shown on plans

Particulars

Tenure: Leasehold
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Floor Plan Energy Certificate
Map
New Southgate (0.95 miles) East Finchley (1.12 miles) Bounds Green (1.26 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.

£105,625
Shared Ownership New Build
Estimated Monthly Cost:£1,482
Rent £726
Service Charge £213
Mortgage £543

Share percentage 25%, full price £422,500, £5,281 Min Deposit. Calculated using a representative rate of 4.24%


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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.