Flat for sale in 32 Wells Terrace, London N4

Shared ownership £259,000

Images may include optional upgrades at additional cost

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Flat for sale - 3 bedrooms

3 1

Tenure:
Leasehold with shared ownership
Shared ownership percentage owned:
35%
Shared ownership rent:
£1,092.34 per month
Time remaining on lease:
Not available
Service charge:
£290.6 per month
Ground rent:
£0
Council tax band:
E
Shared ownership details:
Not available

Property features

  • Roof terrace
  • Balcony

Property description

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 stunning three bedroom apartment located on the fourth floor of a modern, purpose-built apartment block. The accommodation comprises; entrance hallway, open plan kitchen/reception room, three bedrooms, bathroom, WC and balcony. The building benefits from having a door entry intercom system, bicycle storage, lift access, communal wi-fi lounge and rooftop terrace.

Property Value: £740,000
Minimum Share: 35%
Share Value: £259,000
Lease Term - 120 years (approx.)
Rent pcm - £1092.34
Service charge pcm - £290.60
Gross internal area: 947 sq.ft / 88 sq.m
EPC Rating: B
Council Tax Band: E

City North is a prime location with shops, eateries and a cinema right on your doorstep. The apartments are just moments away from Finsbury Park underground and mainline station providing access to the whole of London. Closer to home you will also find the East & West Reservoirs and the open-air gym and sporting facilities in Finsbury Park, as well as its café and art gallery within easy walking distance.
Floorplan(s): Floorplan 1

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For more information about this property, please contact
Newlon Living - Resales, N17 on +44 20 3463 1588 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Newlon Living - Resales, and do not constitute property particulars. Please contact Newlon Living - Resales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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