Share Price £137,500 (from 25% Min. Share)

Full Value £550,000 | £6,875 Min. Deposit

Scheme: Shared Ownership

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So Resi Totteridge - 2 bed apartment in Barnet

place So Resi Totteridge, High Road, Totteridge, N20 0PD

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So Resi Totteridge


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.

Description

So Resi Totteridge

Guide Prices:
Available from £550,000
Based on a 25% share of the full value £137,500
Monthly So Resi payment : £945.31
Estimated service charge: £183

So Resi Totteridge is a contemporary collection of 2 bedroom apartments available through shared ownership. These high quality new homes are perfectly positioned in the popular neighbourhood of Totteridge, just a short stroll from the zone 4 Totteridge & Whetstone station. Parking included.

The apartments have been thoughtfully designed and finished to a high quality. Large windows allow natural light to flood into the home creating bright open spaces; perfect for families or entertaining. The natural décor allows you to put your own finishing touches on your new home. Outside you'll find beautiful landscaped areas plus each home further benefits from allocated parking.

Located on Whetstone High Road So Resi Totteridge is close to a range of local shops, independent cafés and restaurants. The nearby neighbourhoods of Mill Hill, Highgate and East Finchley are all within easy reach, offering a further range of amenities such as cricket grounds, a golf course and tennis club.

What is shared ownership?
Shared ownership allows you to buy a share of your home, with a lower deposit, smaller mortgage and monthly payment on the rest. You start by buying between 25% - 75% of your home. That means your monthly mortgage and deposit are smaller than they would be if you bought your home outright. You can buy a bigger share of your home in the future, and even own 100%.

*SO Resi offer which entitles qualifying purchasers toa 6 months free of SO Resi payment exemption period based on the value of the subject value you intend to purchase. Service charges and any other costs related to the purchase will need to be paid as usual and no alternative use of the incentive will be considered (the Offer). Please read these terms carefully. By accepting our Offer you are deemed to have accepted these terms and conditions - in legal terms this means you accept and agree to be bound by them.


* Show home images are for illustrative purposes only.
* Eligibility and income restrictions will apply.
*Pictures from So Resi Totteridge Show Home


Key Features

  • Contemporary new apartments
  • Available through shared ownership
  • Allocated parking to each home
  • Near to Zone 4 Totteridge and Whetstone underground station
  • Perfect for first time buyers and families alike
  • Communal landscaped grounds
  • Close to a wide range of local amenities
  • Deposits from 5%

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Calculate Monthly Cost

Share price
£ 137,500
Min. £137,500
Share percentage
Min. 25%
Your deposit
Min. £6,875
Monthly cost*
£1,822
Cost breakdown
£954
Rent
£183
Service charge
£685
Mortgage*
Calculated using a representative rate of 3.94%
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.