Shared Ownership
This superb modern home is available to buy from as little as £81,250 with a 25% share!
A stylish ground floor apartment, situated in the heart of Barnet. This well designed home features an open plan Kitchen/Living/Dining area, ideal for hosting friends or enjoying a cozy night in. The spacious bedroom offers ample space and comfort, while the private patio provides a tranquil outdoor retreat.
Located in Barnet, this home offers easy access to transport links, local shops, and parks, making it an ideal choice for first-time buyers or those looking for a vibrant, well connected neighborhood.
Set behind an elegant gated entrance, the apartment is perfectly located in the heart of Barnet Town Centre offering excellent access to the restaurants and leisure facilities close by.
The Spires shopping centre is under a two minute walk from the apartment; here you’ll find a Waitrose and Partners, Waterstone’s bookshop and a host of stores. The centre is also home to regular food markets, including a vegan market. When you want a little pampering, try the Orchid Retreat day spa. The High Street has a butcher’s, baker’s, patisserie and shops, including the chic Room 89 lifestyle boutique.
Travelling into the capital for work or pleasure couldn’t be simpler, with High Barnet Underground Station just a 12-minute walk away. Frequent Northern Line trains connect you to King’s Cross and St Pancras International in a little over half an hour and open up connections across London. New Barnet Overground Station is less than two miles from the home and from here you can be in Moorgate in 32 minutes or Welwyn Garden City in 19 minutes. Road links to the M25, M1 and A1 give excellent access to Central London and the North.
PRICING & AFFORDABILITY
Full Market Value: £325,000
25% Share Price: £81,250 (rent £654.32pcm)
Minimum 5% Mortgage Deposit (25% share): £4,063
Approximate Service Charges: £126pcm*
Lease: 248 years remaining
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.
