Flat for sale in Selsea Place, London N16

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 second floor of a modern development. The accommodation comprises; hallway, open plan kitchen/reception room, bedroom and bathroom. The property benefits from double-glazed windows and has access from its reception room to a balcony. The building has lift and stair access to all floors, bicycle storage area and secure door entry-phone system.

Property Value: £425,000
Minimum Share: 45%
Share Value: £191,250
Lease Term - 92 years (approx.)
Rent pcm - £558.42
Service charge pcm - £293.05
Gross internal area: 548 sq.ft / 51 sq.m (approx.)
EPC Rating: B
Council Tax Band: C
Ground rent p.a.: Payable from final staircasing to 100% ownership, in accordance with the Headlease.

Selsea Place is a cul-de-sac forming part of a larger development by Fairview New Homes, located just off the bustling Kingsland High Street. The area is relatively well served by a variety of local shops, cafes, bars and restaurants. Nearby bus routes and overground trains from both Dalston Kingsland and Dalston Junction stations provide convenient public transport links to and from Liverpool Street/ the City, St. Pancras International, Stratford, Central London and the West End.