1 bed flat for sale

Queensland Road, London N7

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 and spacious one bedroom apartment located on the third floor of a purpose-built apartment block. The accommodation comprises; entrance hallway, open plan kitchen and reception room with dining area, bathroom and bedroom. The apartment benefits from double glazed windows to the north, north-east and east elevations affording a variety of views of the south end/ the Clock End of the Emirates Stadium and the surrounding concourse. The building has a secure door entry phone system, bicycle storage, lift access and a communal roof terrace.

Property Value: £380,000
Minimum Share: 60%
Share Value: £228,000
Lease Term - 87 years (approx.)
Rent pcm - £306.94
Service charge pcm - £296.53
Gross internal area: 538 sq.ft / 50.07 sq.m approx.
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)

A variety of local shops, cafes and restaurants can be found close by. Nearby bus routes and trains from stations at Holloway Road (Piccadilly underground line) and Drayton Park (Northern City overground line) provide convenient public transport links to and from the City, Central London and the West End.