2 bed Flat For Sale £280,000
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 bright and spacious two bedroom apartment located on the third floor of a modern development. The accommodation comprises; hallway, kitchen, large lounge with balcony, two double bedrooms, bathroom and wet room. The building benefits from having a large communal garden area and bike store.
Property Value: £700,000
Minimum Share: 40%
Share Value: £280,000
Lease Term - 85 years (approx.)
Rent pcm - £521
Service charge pcm - £189.75
Gross internal area: 773 sq.ft / 1.9 sq.m
EPC Rating: C
Council Tax Band: E
Phelps Lodge is situated in central Barnsbury within a ten minute walk of a variety of local shops, cafes and restaurants. Nearby bus routes and train services from Angel Islington (Northern Underground Line), Caledonian Road and Barnsbury (Overground) and Kings Cross and St. Pancras Station (all within about half-a-mile) jointly provide very good public transport links both locally and nationally.
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 bright and spacious two bedroom apartment located on the third floor of a modern development. The accommodation comprises; hallway, kitchen, large lounge with balcony, two double bedrooms, bathroom and wet room. The building benefits from having a large communal garden area and bike store.
Property Value: £700,000
Minimum Share: 40%
Share Value: £280,000
Lease Term - 85 years (approx.)
Rent pcm - £521
Service charge pcm - £189.75
Gross internal area: 773 sq.ft / 1.9 sq.m
EPC Rating: C
Council Tax Band: E
Phelps Lodge is situated in central Barnsbury within a ten minute walk of a variety of local shops, cafes and restaurants. Nearby bus routes and train services from Angel Islington (Northern Underground Line), Caledonian Road and Barnsbury (Overground) and Kings Cross and St. Pancras Station (all within about half-a-mile) jointly provide very good public transport links both locally and nationally.
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