1 bedroom apartment for sale

Available

Arum Apartments, NW7 1SX

£93,750 · Shared Ownership Resale

Share percentage 25%, full price £375,000, £9,375 Min Deposit.

Available
1 bedroom
1 Bathroom
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£93,750 Shared Ownership Resale

Share percentage 25%, full price £375,000, £9,375 Min Deposit.

Monthly Cost: £1,241
Rent £541, Service charge £224, Mortgage £476*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Summary

Our Spring Offer: A £1,000 Amazon voucher on completion!* Purpose built apartment in popular modern development.

Description

SHARED OWNERSHIP

Full Market Value: £375,000

Share Value (30%): £112,500

Monthly Rent: £540.90

Service Charge: £224.21

Council Tax Band: D

250 year lease commenced May 2020 -246 years remaining

EWS1 certification is available for this property - B1 rating

For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*

Thisbright andairy one bedroom apartment consistsof anopen-plan living area opening onto a good-sized private balcony, a spacious double bedroom benefitting from built-in storage cupboards and a contemporary bathroom. It also benefits from a utility cupboard in the hallway.

Less than half a mile from Mill Hill East Station on the Northern Line. Surrounded by woods and parkland, Mill Hill's tree-lined avenues and quaint village high street are almost at odds with the ease at which you can reach Central London. Yet everything you need is close to hand. For your essentials, there's a Waitrose just by Mill Hill East station while Mill Hill Broadway's shops, restaurants and cafés are just a short drive. As is Brent Cross Shopping Centre.

As well as a relaxed ambience, the wealth of open space offers lots of possibilities for your leisure time. Finchley Golf Club is just moments away. A host of others aren't much further. Add to this, equestrian centres, the Welsh Harp Reservoir's water sports, great schools, rambling walks and great country pubs - if you prefer to admire greenery over a Sunday roast - and life here is most definitely for living.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £50,144. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other 1-bedroom resales shared ownership apartment.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of March 2024.

Key Features
  • Long lease
  • Good EPC rating
  • Integrated appliances
  • Communal heating
  • Allocated parking
  • Pets allowed
Particulars

Tenure: Leasehold
Lease Length: 246 years
Council Tax Band: D

Property Downloads
Key Information Document Floor Plan
Virtual Tour
https://nichecom.s3.eu-west-1.amazonaws.com/cat1000/2024/03/18/65f817c922ba0-1101187.mp4
Map
Mill Hill East (0.11 miles) West Finchley (0.89 miles) Finchley Central (0.94 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.

£93,750
Shared Ownership Resale
Estimated Monthly Cost:£1,241
Rent £541
Service Charge £224
Mortgage £476

Share percentage 25%, full price £375,000, £9,375 Min Deposit. Calculated using a representative rate of 4.64%


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.