1 bed flat for sale

River Heights 636-638, High Road, London N17

Shared Ownership

This superb modern home is available to buy from as little as £147,500 with a 50% share!

A first floor apartment located on Tottenham High Road within the borough of Haringey. This well presented apartment offers bright, spacious accommodation. There is a large double bedroom, a modern bathroom, and an open plan fitted kitchen/living/dining space with doors to a private balcony.

Tottenham High Road is a vibrant and evolving area in North London, offering a diverse range of amenities, shops and eateries. The High Road is also undergoing significant regeneration aiming to deliver new homes, enhanced community facilities, retail spaces, and public parks, contributing to the area's growth and vibrancy.
There are a variety of transport options in the area including overground and underground train stations, and well serviced bus routes running day and night.
Pricing & affordability


Full Market Value: £295,000

50% Share Price: £147,500 (rent £394.88pcm)
Minimum 5% Mortgage Deposit (50% share): £7375
Approximate Service Charges: £150.10pcm*
Lease: 114
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 £295,000 and a purchaser would not need to meet the eligibility criteria listed above.