1 bedroom apartment for sale
Lexington Place, 765 Finchley Road, London, NW11 8DN
Share percentage 60%, full price £480,000, £28,800 Min Deposit.
Share percentage 60%, full price £480,000, £28,800 Min Deposit.
Monthly Cost: £1,783
Rent £103,
Service charge £226,
Mortgage £1,454*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A smartly-presented, first-floor apartment which has a twenty-foot, open-plan kitchen/reception room with sleek, white units, integrated appliances and a door leading out onto the balcony. There is a spacious bedroom with built-in wardrobe and a stylish, high-spec bathroom. A large storage/utility cupboard has been provided in the entrance hallway and the energy-efficiency rating is very good. Entrance to the building (also referred to as The Lexington) is via an impressive lobby area. There is a concierge, residents' gym, communal courtyard and an underground car park which includes a space for this apartment. The development is located close to Golders Hill Park, a beautiful area of green, open space which also contains a delightful walled garden, a small zoo, a deer enclosure and tennis courts. Golders Green Station (Northern Line) and the surrounding restaurants and shops are only a short walk away plus Cricklewood (Thameslink services through central London) and West Hampstead (Thameslink plus London Overground, Jubilee and Metropolitan Line services) are within easy reach.
SHARED OWNERSHIP (Advertised price represents 60% share. Full market value £480,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://bit.ly/2XiGCTp]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/02/2015).
Minimum Share: 60% (£288,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £102.81 per month (subject to annual review).
Service Charge: £226.45 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £67,200 | Single - £77,600 (based on minimum share and 10% deposit)
Council Tax: Band D, London Borough of Barnet. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £28,800
- Guide Min Income Dual £67.2k | Single £77.6k
- First Floor with Balcony
- Approx. 505 Sqft Gross Internal Area
- Open-Plan Kitchen/Reception Room
- Concierge and Residents' Gym
- Secure Underground Parking Space
- Short Walk from Golders Green Station
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 60%, full price £480,000, £28,800 Min Deposit. Calculated using a representative rate of 4.59%