1 bed flat for sale

Flat 10, 16 Trobridge Parade, Grahame Park Way, London NW9

Shared Ownership

This superb modern home is available to buy from as little as £93,000 with a 30% share!

This third floor apartment is located in a residential area close to many local amenities in Barnet. This well presented home provides bright, well-planned accommodation which is well-presented throughout. The entrance hall provides a large storage cupboard and doors to the bathroom, the large double bedroom and the impressive 27ft open plan kitchen/dining/living space. There is a sunny aspect balcony which can be accessed via the bedroom and the living room. Further benefits to this apartment include a secure allocated undergound parking space and a lease around 117 years.

Colindale is a suburban district in northwest London, located within the London Borough of Barnet. Colindale has undergone significant regeneration in recent years, transforming from a primarily residential suburb into a vibrant and increasingly modern urban hub. Amenities include a range of shopping and dining options including nearby Brent Cross Shopping Centre.
Colindale Underground Station offers a 30 minute journey in to central London and there are multiple bus routes operating.
Pricing & affordability


Full Market Value: £310,000

30% Share Price: £93,000 (rent £642.05pcm)
Minimum 5% Mortgage Deposit (30% share): £4,650
Approximate Service Charges: £327.74 pcm*
Shared Ownership Lease: Approx. 117 years
Council Tax Band: C
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.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• 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.

*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.

** This home can also be purchased outright (100% of the value) which is £310,000 and a purchaser would not need to meet the eligibility criteria listed above.