£227,500
(£414/sq. ft)
1 bed flat for saleFinchley Road, London NW3
1 bed
1 bath
549 sq. ft
EPC Rating: B
- Shared ownership
- Leasehold
Newlon Living - Resales
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About this property
Communal garden
Balcony
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 modern and stylish one bedroom apartment located on the top floor of a modern development. The apartment comprises; entrance hallway, open plan kitchen/reception room, double bedroom, bathroom and a balcony accessed via the kitchen/reception room, providing a pleasant vista of the landscaped gardens. The building benefits from secure door entry system, bicycle storage area with lift and stair access to all floors. Residents have access to the communal landscaped garden which is at the heart of the development.
Property Value: £650,000
Minimum Share: 35%
Share Value: £227,500
Lease Term - 116 years (approx.)
Rent pcm - £774.88
Service charge pcm - £388.09
Gross internal area: 549sq.ft / 51 sq.m
EPC Rating: B
Council Tax Band: D
Ground rent p.a.: £150 (payable from final staircasing to 100% ownership, subject to review every 25 years)
330 Finchley Road forms part of the Kidderpore Green development and is built around landscaped gardens and a state-of-the-art pavilion. A variety of local shops can be found nearby as well as the more extensive bars, shops and restaurants in Hampstead and West Hampstead. The area is relatively well served by regular bus services along Finchley Road. Within walking distance you will find a number of stations enabling access to the whole of London and beyond; Finchley Road (Metropolitan & Jubilee Lines), West Hampstead (Jubilee Line & London Overground) and Hampstead (Northern line).
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More information
Tenure
Leasehold (116 years)
Service charge
£388 per month
Council tax band
D
Ground rent
£150
Ground rent date of next review
Ground rent review period
Every 25 years
Shared ownership percentage owned
35%
Shared ownership rent
£775 per month