Share Price £87,500 (from 25% Min. Share)

Full Value £350,000 | £8,750 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Barnet

place Ensign House, 46 Aerodrome Road, NW9 5ZR

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Catalyst Housing resales

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Available on a part-buy/part-rent basis for £87,500 for a 25% share


Eligibility

ELIGIBILITY:
To be eligible for this property you must be earning a household income of at least £36,479 with a deposit of £8,750 and live or work in the Barnet authority area.

LOCATION:
The property forms part of a large residential estate named Beaufort Park. It is close to Colindale London Underground Station and the other amenities of the area and high street. The block lies broadly to the South West of the RAF Museum, Hendon and to the North of Rushgrove Park. There are a variety of bus routes available on Aerodrome Road, The Watford Way (A41) and Colindale Avenue. The motorist is also well served with the A41, M1 and M25 within easy reach.

SHARED OWNERSHIP:
The scheme allows you to purchase the specified share of the property price, and pay a reduced rent on the share you do not own. You will have the opportunity to buy further shares (subject to affordability) at a later date
As a shared owner you will be an assured tenant until you own 100% of the shares for the property after which you will own the leasehold interest.

Sale Price and Equity
Full market value:£350,000Monthly net rent:£444.06
Share available:25%Monthly service charge:£148.14
Share price:£87,500
The rent review is every April. Quoted rental figures are based on the 2019/20 financial year


Description

THE PROPERTY:
One bedroom flat in Barnet is available now on a part-buy/part-rent scheme. Approx. 91 years remaining on the lease.

GIA: 43m2

Bedroom 1 – approx. (2.5m x 4.8m)
Double room, carpeted & radiator.

Bathroom/WC – approx. (2.10x 1.70m)
White suite comprising of a bath with mixer tap and shower over, low level W.C, & housing basin.

Kitchen – approx. (3.70m x 3.20m) – Large room, fitted with a range of fitted tops & base with surfaces, single drainer sink unit, cooker and hob and plumbing for washing machine.

Lounge – approx. (3m x 4m) – Large room, carpeted, radiator & access to balcony.

Outside
Shared two storey garage
Front & rears gardens.
Parking available

Energy Efficiency Rating – B
Environmental Rating - B


Key Features

**OPEN DAY**
21st September 2019

11-2pm

Viewings strictly by appointment only.
For further information or to book an appointment, please contact our Sales Team on:

0208 832 3247 or
resale.staircasing@chg.org.uk


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Calculate Monthly Cost

Share price
£ 87,500
Min. £87,500
Share percentage
Min. 25%
Your deposit
Min. £8,750
Monthly cost*
£969
Cost breakdown
£444
Rent
£148
Service charge
£377
Mortgage*
Calculated using a representative rate of 3.09%
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Catalyst Housing resales

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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.