1 bedroom apartment for sale
Randolph House, 2-12 Northwick Park Road, Harrow, HA1 2NU
Share percentage 70%, full price £395,000, £27,650 Min Deposit.
Share percentage 70%, full price £395,000, £27,650 Min Deposit.
Monthly Cost: £2,629
Rent £453,
Service charge £773,
Mortgage £1,403*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You may be eligible for this property if:
- You do not already own a home or you will have sold your current home before you purchase or rent.
- You must be at least 70 years old
Summary
A Fantastic Opportunity to Purchase a One Bedroom Retirement Flat on a Shared Ownership Basis
Description
A rare chance to buy shared-ownership retirement flat. The spacious, high-spec property is on the ground floor and has a twenty-seven-foot reception/dining room with one door leading through to a sleek, modern kitchen with integrated appliances while another door opens onto a south-facing part of the communal grounds. The bedroom is generously-sized and the shower room stylish and practical. Randolph House was built to demanding energy-efficiency standards, with high performance glazing and a communal heating/hot water system. Residents can make use of some excellent facilities including the large communal lounge shown in the photos. Harrow town centre is close by and Harrow-on-the-Hill (Metropolitan Line and Chiltern Railways into Marylebone) and Kenton (Bakerloo Line and London Overground) stations are only a short walk away.
OVER 70's SHARED OWNERSHIP (Advertised price represents 70% share. Full market value £395,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [http://tinyurl.com/3j7cxdm4]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Heylo. Heylo Housing requires that all applicants must have permanent rights to reside in the UK.
Development Management Company: McCarthy Stone.
Tenure: Leasehold (999 years less 3 days from 01/01/2017).
Minimum Share: 70% (£276,500).
Shared Ownership Rent: £452.81 per month (subject to annual review).
Service Charge: We are advised that McCarthy Stone charge a residential fee of £773.00 per month. Interested applicants should contact Urban Moves for a breakdown of services and costs.
Guideline Minimum Income: Dual - £TBC | Single - £TBC (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Harrow. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (please ask regarding assistance animals). There is no parking space offered with this property.
Key Features
- Ground Floor
- Approx. 649 Sqft Gross Internal Area
- High Performance Glazing
- Communal Heating and Hot Water System
- Town Centre/Station Within Easy Reach
- Applicants Must Be At Least 70
- Requires Cash Purchase of 70% Share
- Sufficient Pension/Savings to Cover Rent and Services
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Floor Plan BrochureMap
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 70%, full price £395,000, £27,650 Min Deposit. Calculated using a representative rate of 4.64%