£457,500
2 bed flat for saleAlbert Road, Barnet EN4
2 beds
1 bath
About this property
Shares starting from 25%
Car parking included
New build apartments with fitted kitchen and appliances
New Barnet Railway station is 0.6 miles from your new home
Within walking distance of New Barnet high street
The perfect compromise - access to lively London and living in a quiet area
Fast access to major motorways - car parking available at the development
Live in the leafy North London suburbs of New Barnet
The development is perfectly positioned close to the local park Victoria Recreation Ground and New Barnet Leisure Centre which includes a library. This area has all the everyday essentials, the nearest supermarket is Sainsbury's as well as local cafes, restaurants and gyms. There is a good range of schools for all ages. A choice of medical facilities and Barnet Hospital approx. 2.3 miles away that has an emergency department. There are local pubs near the development and Everyman Barnet is 0.9 miles for a luxury cinema experience.
New Barnet Railway station is close by, only 0.6 miles away. Offering fast and frequent Great Northern and Thameslink services into Highbury & Islington in 18 minutes or Moorgate in less than 30 minutes. The area is also well served by local buses which connects you to High Barnet Underground station (Northern line) and beyond.
Eligibility
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee. At this development you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• Priority will be given to people who live or work in Newham.
• You have a deposit of at least 5% of the share value.
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain. Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
* Length of Lease speak to sales consultant for further clarification
*These photos are for information purposes only and may not represent a true likeness
Floorplans are not to scale and are indicative only. Location of windows, doors, bathroom fittings, kitchen units and appliances may differ. Dimensions given are approximate and should not be used to order carpets or furniture. External area sizes and locations may differ from those illustrated. Sovereign Network Group is charitable.
Images and CGI’s are for illustration purposes only. Materials, specification, elevation, positioning may vary.
Mortgage calculator
£2,288 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (Ask agent)
Service charge
£192 per month
Council tax band
A band has not been assigned yet
Ground rent
Ground rent date of next review
Shared ownership percentage owned
25%
Shared ownership rent
£786 per month



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