This superb modern home is available to buy from as little as £92,500 with a 25% share!

This stunning third floor apartment offering beautifully presented accommodation located in Barnet. The bright and spacious accommodation provides a good size double bedroom with a walk in wardrobe, modern bathroom and an impressive open plan kitchen/living space with doors opening on to a sunny aspect balcony. The building benefits from a concierge service, private gym & overnight security guard. Further benefits include use of a communal roof terrace on the fourth floor, secure allocated parking and a long lease.

This property is located in Barnet which offers an array of open green spaces such as Hadley Common, King Georges Field, and Greenhill Gardens. This London borough also has a number of primary & secondary schools rated both Good & Outstanding. The property is an approximate 5 minute walk of Hendon train station and within easy reach of Brent Cross Shopping centre.

PRICING & AFFORDABILITY

Full Market Value: £370,000

25% Share Price: £92,500 (rent £552.85pcm)
Minimum 5% Mortgage Deposit (25% share): £4,625
Approximate Service Charges: £312.27pcm*
Shared Ownership Lease: approx. 120 years
Council Tax Band: C

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 £370,000 and a purchaser would not need to meet the eligibility criteria listed above.