Flat for sale in Mill Mead Road, London N17

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 two bedroom apartment located on the 2nd floor of a modern purpose built block. The accommodation comprises; hallway with storage space, open plan kitchen/reception room, two bedrooms, and bathroom. The property benefits from double-glazed windows and an east-facing recessed balcony affording views across Mill Mead Road, the River Lea and Tottenham Lock. There are lifts serving all floors, secure door entry phone system, concierge service, bicycle storage area and a communal roof terrace.

Property Value: £420,000
Minimum Share: 35%
Share Value: £147,000
Lease Term - 86 years (approx.)
Rent pcm - £408.37
Service charge pcm - £284.85
Gross internal area: 629 sq.ft / 58.4 sq.m
EPC Rating: B
Council Tax Band: C
Ground rent p.a.: £150 (payable from final staircasing to 100% ownership, subject to review every 25 years)

Coppermill Heights forms part of the Hale Village development with a Tesco Express, cafe and gym close by. A variety of food outlets and retail stores at nearby Tottenham Hale Retail Park is a few minutes away. Numerous bus routes, over ground and underground stations available at Tottenham Hale Station providing quick links to Liverpool Street, Central London, King’s Cross, Euston, Victoria and further afield including Cambridge and Stansted Airport.