Flat for sale in Clyde Road, London N15

Shared ownership £129,500

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Flat for sale - 1 bedroom

1 1

Tenure:
Leasehold with shared ownership
Shared ownership percentage owned:
35%
Shared ownership rent:
£385.64 per month
Time remaining on lease:
Not available
Service charge:
£290.54 per month
Ground rent:
£150
Ground rent review period:
25 years
Council tax band:
B
Shared ownership details:
Not available

Utilities and more details

Property features

  • Private garden
  • Off street parking

Property description

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 one bedroom apartment located on the ground floor of a modern four storey apartment block. The accommodation comprises; hallway with storage cupboard, open plan kitchen/reception room, bedroom, bathroom and a private rear garden. The apartment benefits from a secure entry-phone system and an allocated parking space. Lift and stair access to all floors.

Property Value: £370,000
Minimum Share: 35%
Share Value: £129,500
Lease Term - 88 years (approx.)
Rent pcm - £385.64
Service charge pcm - £290.54
Gross internal area: 560 sq.ft / 52 sq.m (approx.)
EPC Rating: B
Council Tax Band: B
Ground rent p.a.: £150 (payable from final staircasing to 100% ownership, subject to review every 25 years)

Isobel Place is a quiet, gated development set behind the renovated Town Hall in the rapidly regenerating Tottenham Green/Seven Sisters area.

A wide variety of shops can be found nearby together with numerous local bus routes. Seven Sisters Station (Victoria Line tube, London Overground and National Rail) is within easy reach.
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For more information about this property, please contact
Newlon Living - Resales, N17 on +44 20 3463 1588 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Newlon Living - Resales, and do not constitute property particulars. Please contact Newlon Living - Resales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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