2 bed flat for sale

Riddell Court, Campsbourne Road, London N8

Shared ownership (Advertised price represents 35% share. Full market value £520,000). A great chance to buy a shared-ownership apartment with two private terraces. The smartly-presented, ground-floor property has an open-plan kitchen/reception room with attractive units and integrated appliances. A glazed door leads out to the larger, west-facing, terrace. The east-facing terrace is accessed via the spacious main bedroom which also includes a fitted wardrobe. There is a second bedroom, ideal for a child, occasional guest or use as a home office, and a large bathroom with limestone-style tiles. A storage/utility cupboard has been provided in the entrance hall and the well insulated walls and floor, high performance glazing and a modern gas central heating system all contribute towards a good energy-efficiency rating. Hornsey Station (mainline services in to Moorgate or out towards Hertfordshire) is close by and Turnpike Lane (Piccadilly Line) is within comfortable walking distance or brief bus/bike ride. The boutiques, bookstores, artisan coffee shops and other amenities of Crouch End are also within easy reach and Alexandra Park offers almost two hundred acres of outside space to enjoy. Ofsted list a secondary school and four primary schools within a half-mile radius, all rated 'Good'. The apartment comes with the use of an allocated space in the gated car park.

Interested parties are required to complete the shared ownership common application form [ ]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (125 years from 11/04/2017).
Minimum Share: 35% (£182,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £586.62 per month (subject to annual review).
Service Charge: £188.05 per month (subject to annual review).
Guideline Minimum Income: Dual - £58,500 | Single - £67,300 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Haringey. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets may be permitted but only with prior consent from Clarion (which, unfortunately, can only be obtained once you are the property owner).

What is shared ownership ?

Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (gla) in London and Homes England outside of London.

Is shared ownership for you ?

The gla and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:

1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or eea Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.

Bedroom 2

9' 9" x 9' 2" (2.97m x 2.79m)

Reception

18' 1" max. X 17' 6" max. (5.51m x 5.33m)

Kitchen

Included in reception measurement

Terrace 1

22' 10" x 10' 6" (6.96m x 3.20m)

Bedroom 1

13' 7" max. X 11' 9" max. (4.14m x 3.58m)

Terrace 2

12' 0" x 10' 1" (3.66m x 3.07m)

Bathroom

8' 7" x 8' 7" (2.62m x 2.62m)