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£70,000
This superb modern home is available to buy from as little as £70,000 with a 25% share!
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed 90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £280,000 and a purchaser would not need to meet the eligibility criteria listed above.
Situated on Station Road, N22, this well-presented third-floor apartment offers a fantastic opportunity for first-time buyers or those looking to step onto the property ladder. With a well-proportioned layout and plenty of natural light throughout, the property provides a comfortable and practical living space in a highly convenient location.
The property comprises a spacious reception room, ideal for both relaxing and entertaining, alongside a separate kitchen with ample storage and worktop space. The bedroom is generously sized, offering a private retreat, while the bathroom is well-appointed and conveniently located off the hallway.
The apartment is perfectly positioned to take advantage of a wide range of local amenities. Nearby, you’ll find a variety of shops, cafés, and restaurants, as well as supermarkets and everyday conveniences, all within easy reach. The area also benefits from green spaces and parks, ideal for outdoor leisure and relaxation.
Transport links are a key feature of this property, with excellent connectivity into Central London and surrounding areas. Nearby stations and bus routes provide quick and easy access, making this an ideal home for commuters.
Overall, this is a fantastic opportunity to acquire a well-located and well-laid-out apartment in a vibrant and well-connected part of London.
PRICING & AFFORDABILITY
Full Market Value: £280,000
25% Share Price: £70,000 (rent £657.09pcm)
Minimum 5% Mortgage Deposit (25% share): £3,500
Approximate Service Charges: £145.39pcm*
Lease: 104 years
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
Sown Shared Ownership
