1 bedroom apartment for sale
Colindale, NW9 5XH
Share percentage 40%, full price £325,000, £13,000 Min Deposit.
Share percentage 40%, full price £325,000, £13,000 Min Deposit.
Monthly Cost: £1,190
Rent £436,
Service charge £98,
Mortgage £656*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £44,798.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,000. Total approximate savings required £17,000.
Important borough specific eligibility criteria
London Borough of Barnet
All London applicants will be considered –with preference given to those who are either living or working in the Borough.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
One-bedroom Ground floor apartment in Colindale available through Shared Ownership 40% at £130,000. Full market price £325,000.
Description
Internal
Hall
Reception
Kitchen
Bedroom.
Bathroom with WC
External
Allocated parking space
Patio
Admin Fee for Shared Ownership
£13.50
Ground Rent
£18.75
GIA
53sqm
EPC rating
C
Lease length
114 years remaining
Borough
Barnet
Key Features
This property is chain free. The property is within walking distance of Colindale Underground station, (Northern Line). There are number of local bus routes serving the area as well as a number of major roads.
The property is also within walking distance to the local shopping and recreational facilities within the area.
Particulars
Tenure: Leasehold
Lease Length: 114 years
Council Tax Band: C
Map
Material Information
Total rooms: 1
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Allocated
Outside Space/Garden: Yes - Patio
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 40%, full price £325,000, £13,000 Min Deposit. Calculated using a representative rate of 4.59%
