2 bedroom apartment for sale
L&Q at Brent Cross Town - B-12-05 25%, NW2 8AS
Share percentage 25%, full price £550,000, £13,750 Min Deposit.
Share percentage 25%, full price £550,000, £13,750 Min Deposit
Monthly Cost: £1,781
Rent £733,
Service charge £354,
Mortgage £694*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
2 bedroom, 12th floor apartment with private balcony and open plan kitchen/living/dining room area. Development benefits from beautiful green open spaces in the surrounding area.
Description
Priority will be given to local residents living within the borough
Choral Street - Plot B-12-05
2 bedroom twelfth floor apartment offering 78sq.m of internal floor area with outdoor space.
Full Market Value: £550,000
Shared Value (25%): £137,500
Minimum deposit: £13,750
Required income: £65,998
Council tax band: TBC
Ideal for families and first-time buyers, our stunning 2 & 3 bedroom Shared Ownership apartments are spacious and offer a fully inclusive specification throughout with outdoor space to every home.
L&Q at Brent Cross Town
Make your homeownership dreams a reality at L&Q at Brent Cross Town, located in the heart of North London. Nestled within the London Borough of Barnet, this is set to be a cornerstone of one of Europe's largest regeneration projects, delivering over 7,000 homes to Brent Cross. Barnet Council's ambitious regeneration works redefines Brent Cross into a dynamic new London district, full of life and excitement with opportunities to explore the new, vibrant community boasting exceptional shops and modern local parks for leisurely strolls and relaxation. Just on your doorstop, the recent launch of the state-of-the-art Brent Cross West station giving commuters effortless access to the city with trains travelling to King's Cross St Pancras in under 15 minutes.*
Experience the transformation of Brent Cross Shopping Centre and the introduction of a bustling new high street south of the North Circular. Indulge in an abundance of retail therapy, savor culinary delights at local eateries, and discover cozy cafes and vibrant office spaces.
What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it possible for first-time buyers and families to get on the property ladder.
The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. As your income rises, you can increase the share you own until you eventually own 100%
Register your interest now!
Please note - you are required to register with L&Q for Shared Ownership. Please refer to the eligibility tab for more information.
If you are registered with L&Q and eligible according to the income restrictions, please register your interest today and our sales team will be in touch.
* Information taken from www.barnet.gov.uk/brent-cross-thameslink
** Images depict typical L&Q show home photography. Minimum share percentage may vary. Photos and CGIs are for illustrative purposes only and may not represent a true likeness for the individual units being sold.
L&Q terms and conditions apply.*
Key Features
- Balcony
- Open plan kitchen/living/dining room area
- Fitted wardrobes to bedroom 1
- Private outdoor space to every home
- Travel links providing access to King's Cross St Pancras in under 15 minutes*
- Beautiful green open spaces in the surrounding area
- Walking distance from the brand new Brent Cross West Station
- Brent Cross shopping centre and high street shops nearby
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: Yes - 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 25%, full price £550,000, £13,750 Min Deposit. Calculated using a representative rate of 4.59%
