2 bed flat for sale

Cannon Road, London N17

If you are unable to buy a property outright on the open market, then Shared Ownership could be the ideal solution for you. It is a part-buy, part-rent scheme, which enables purchasers to buy an initial share of usually between 25% and 75% the value of the property and pay a subsidised rent on the remainder. A service charge may also be payable to cover the cost of communal maintenance. Shared Ownership properties are designed as a stepping stone to completely owning your own home, allowing you to buy as much as you can afford when you can afford it.

A resale is a Shared Ownership property that the current owner bought new from us or as a resale. Buying a resale property makes you an owner-occupier because you are buying at least the current owner's share on the existing lease. The great thing about choosing to buy a re-sale shared ownership property is that it gives you the opportunity to speak to the previous owner and to find out more about the area.

A well-presented two bedroom apartment located on the 20th floor of a landmark 22-storey modern purpose built block. The accommodation comprises; hallway, open plan kitchen/reception room, two bedrooms, bathroom and a balcony affording far-reaching panoramic skyline views. The building benefits from lift and stair access to all floors, bicycle storage areas, a modern door entry-phone system and a communal roof terrace.

Property Value: £340,000
Minimum Share: 30%
Share Value: £102,000
Lease Term - 89 years (approx.)
Rent pcm - £789.24
Service charge pcm - £289.91
Gross internal area: 796 sq.ft / 74 sq.m approx.
EPC Rating: B
Council Tax Band: C
Ground rent p.a.: £150 (payable from final staircasing to 100% ownership, subject to review every 25 years)

Rivers Apartments is located at the west end of Cannon Road with a variety of local shops, cafes and restaurants located nearby particularly in the High Road. The quite recently completed White Hart Lane Stadium is about half a mile away from the property. The area is well served by nearby bus routes and by overground trains from White Hart Lane Station providing good public transport links to and from Liverpool Street/the City, Shoreditch and the West End.