£108,000

This bright, well-presented one bedroom flat is now available in Winchmore Hill through Shared Ownership.

The property is situated on the ground floor flat in a three storey block of six units. The accommodation comprises a hallway, kitchen, living room, one bedroom and a bathroom. Perfect for singles.

Outside, the property benefits from an allocated parking space and communal gardens.

The advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.

Available for £108,000 for 40% share based on the marketing figure of £270,000.

Monthly rent - £473.32
Monthly Service Charge - £177.16
Total Monthly Charge - £650.48 plus mortgage required for 40% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

The property is located within a mix of private and social housing and is surrounded by greenery.

Oakwood Underground Station is a 24 minute walk away, giving access to the Piccadilly Line is, while Grange Park Station is a 19 minute walk, offering Great Northern rail services.

Several bus stops are close by, including one just a minute from the property and another within nine minutes, providing routes across the main local roads.

In addition, a large supermarket is also conveniently located just an 8 minute walk away.

Energy rating band - C

Environmental impact band - C

Years remaining on lease: 960

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by SO Resi and MTVH

You can read the Shared Ownership allocation policy on the MTVH website. SO Resi is the Shared Ownership brand of MTVH, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.