1 bed flat for sale

Lee Close, Barnet, London EN5

This cosy, well presented one bedroom apartment is now available in London (New Barnet) through Shared Ownership.

The property on the ground floor comprises an entrance hall with storage cupboards, a spacious living room with spaces or a dining area, a separate modern fitted kitchen, a large bedroom, a WC and a bathroom. The windows are upvc double glazed. The apartment has a phone entry system.

Outside, there is allocated parking, and a shared outdoor area. Perfect for couples or singles.

Lease disclaimer: The advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.

Available for £174,000 for 60% share based on the marketing figure of £290,000.

Monthly rent - £311.54
Monthly Service Charge - £12.50
Total Monthly Charge - £324.04 plus mortgage required for 60% share.

On certain properties, service charges may be billed in different frequencies. For the purposes of illustration, our advertisement will state the equivalent monthly charge. Where charges are not billed monthly, purchasers will be informed before proceeding.

An annual rent increase takes place every April

Location

The property is in a mixed private and social residential area. There are various parks and nature reserves where one can enjoy fresh air.

There are plenty of shops and cafes where you can grab food or coffee. The transport links are good, making it easy to reach central London. Families enjoy the local schools that are well-rated.

EPC rating

Energy rating band - D

Environmental rating band - C

Other information

How we allocate Shared Ownership homes

We offer homes on a first-come, first-served basis, as long as you meet all the eligibility criteria. Sometimes, we give priority to people who live or work in the same area as the home. This is based on rules set by the local authority. All Shared Ownership providers must publish an allocations policy, which explains how they decide who gets a home.

If the home is managed by so Resi and mtvh

You can read the Shared Ownership allocation policy on the mtvh website. So Resi is the Shared Ownership brand of mtvh, a housing association.

If the home is managed by another provider

Visit their website to find their allocation policy. Contact us if you have any questions.

In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.