2 bed Flat For Sale £300,000
Shared ownership (Advertised price represents 25% share. Full market value £1,200,000). A rare chance to buy a shared-ownership property in such a desirable and central location. Tottenham Mews is in the heart of Fitzrovia, just minutes from Goodge Street Station and only a brief walk from Euston Station, Russell Square, Oxford Circus, Marylebone High Street or Regent's Park. The spacious apartment is on the ground floor and has a private entrance with a shop-front style facade forming an entrance hallway that could also serve as a winter garden. The main room is large with high ceilings and attractive flooring. There is a sleek, semi-open-plan kitchen with built-in storage cupboard, a simple, modern bathroom and two generously-sized bedrooms. The recently-built development benefits from demanding insulation standards, high performance glazing and a communal heating/hot water system.
Interested parties are required to complete the shared ownership common application form
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(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: A2Dominion.
Tenure: Leasehold (125 years from 2015).
Minimum Share: 25% (£300,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £359.53 per month (subject to annual review).
Service Charge: £552.01 per month (subject to annual review).
Guideline Minimum Income: Dual - £85,800 (based on minimum share and 20% deposit) Single - £89,200 (based on minimum share and 30% deposit).
Council Tax: Band F, London Borough of Camden. 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. There is no parking space offered with this property. On-street parking may be available.
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.
Ground Floor
Glass Hallway / Winter Garden
Reception
25' 1" max. X 21' 1" max. (7.65m x 6.43m)
Kitchen
included in reception measurement
Bathroom
Bedroom 1
17' 6" max. X 9' 7" min. (5.33m x 2.92m)
Bedroom 2
17' 6" max. X 16' 8" max. (5.33m x 5.08m)
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: A2Dominion.
Tenure: Leasehold (125 years from 2015).
Minimum Share: 25% (£300,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £359.53 per month (subject to annual review).
Service Charge: £552.01 per month (subject to annual review).
Guideline Minimum Income: Dual - £85,800 (based on minimum share and 20% deposit) Single - £89,200 (based on minimum share and 30% deposit).
Council Tax: Band F, London Borough of Camden. 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. There is no parking space offered with this property. On-street parking may be available.
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.
Ground Floor
Glass Hallway / Winter Garden
Reception
25' 1" max. X 21' 1" max. (7.65m x 6.43m)
Kitchen
included in reception measurement
Bathroom
Bedroom 1
17' 6" max. X 9' 7" min. (5.33m x 2.92m)
Bedroom 2
17' 6" max. X 16' 8" max. (5.33m x 5.08m)
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