2 bed Flat For Sale £118,750
Shared ownership (Advertised price represents 25% share. Full market value £475,000). As the name suggests, Exchange House is a building converted from the original telecoms-related use to provide residential units. The property available is a well-proportioned apartment on the raised ground floor and features a 23'+ kitchen/reception room which opens onto a small patio area. There is a main bedroom with fitted wardrobe plus a second double bedroom, a good-sized bathroom and a spacious entrance hallway with storage/utility cupboards. The block has gated access, a pleasant communal garden on the rear/southern side and a car park (also gated) which includes a space for this apartment. A very convenient M&S Simply Food occupies the ground-floor retail unit and there is an excellent range of cafes, restaurants, leisure facilities and additional shops close by. The nearest primary school, Coleridge, is Ofsted-rated 'Outstanding' plus there are a number of other well-thought-of schools, both primary and secondary, in the surrounding area. Priory Park and Parkland Walk are within comfortable walking distance and Alexandra Park can be easily reached via local bus. The location is also well served by public transport with Crouch Hill Station (London Overground), Hornsey (Great Northern into Moorgate), Highgate/Archway (Northern Line) and Finsbury Park (Victoria, Piccadilly and National Rail) offering a variety of options.
Interested parties are required to complete the shared ownership common application form []
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (currently 99 years from 2004, extension in progress, will be 125 years from 2022).
Minimum Share: 25% (£118,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £1054.40 per month (subject to annual review).
Service Charge: £258.37 per month (subject to annual review).
Guideline Minimum Income: Dual - £68,000 Single - £77,500 (based on minimum share and 10% deposit).
Council Tax: Band E, London Borough of Haringey. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pet not permitted (except assistance animals).
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
First Floor
Reception
23' 9" max. X 12' 5" max. (7.24m x 3.78m)
Kitchen
included in reception measurement
Patio
24' 6" x 6' 9" (7.47m x 2.06m)
Bedroom 1
15' 8" x 9' 7" (4.78m x 2.92m)
Bedroom 2
11' 8" x 7' 5" (3.56m x 2.26m)
Bathroom
Interested parties are required to complete the shared ownership common application form []
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (currently 99 years from 2004, extension in progress, will be 125 years from 2022).
Minimum Share: 25% (£118,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £1054.40 per month (subject to annual review).
Service Charge: £258.37 per month (subject to annual review).
Guideline Minimum Income: Dual - £68,000 Single - £77,500 (based on minimum share and 10% deposit).
Council Tax: Band E, London Borough of Haringey. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pet not permitted (except assistance animals).
What is shared ownership ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.
Is shared ownership for you ?
The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.
First Floor
Reception
23' 9" max. X 12' 5" max. (7.24m x 3.78m)
Kitchen
included in reception measurement
Patio
24' 6" x 6' 9" (7.47m x 2.06m)
Bedroom 1
15' 8" x 9' 7" (4.78m x 2.92m)
Bedroom 2
11' 8" x 7' 5" (3.56m x 2.26m)
Bathroom
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