1 bed flat for sale

Lordship Lane, Tottenham, London N17

Shared ownership (Advertised price represents 25% share. Full market value £350,000). A rare chance to buy a one-bedroom, shared-ownership, garden-flat in London. The property forms the ground floor (minus shared entrance hall) of a Victorian end-of-terrace house. There is a bay window in the reception room, the bathroom is naturally lit and the kitchen/dining room features a Belfast-style sink, patio doors and a boiler installed in January of this year. A key selling point is the large, south-facing and very well-maintained rear garden - a real luxury in a bustling city. At the front of the house is a dropped kerb and a driveway demised to this flat. Bruce Castle Park, directly opposite, is the oldest public park in Tottenham and includes the Grade-i listed, 16th century manor house that gives the park its name, a Tudor tower, an oak believed to be around 500 years old plus tennis courts, the Pavilion Café, tree-line avenues and areas of lawn. Bruce Grove Station, for London Overground services in to Liverpool Street, is only a short walk away.

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 01/04/2006).
Minimum Share: 25% (£87,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £730.15 per month (subject to annual review).
Service Charge: £69.31 per month (subject to annual review).
Guideline Minimum Income: Dual - £38,700 | Single - £44,900 (based on minimum share and 10% deposit).
Council Tax: Band B, 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). If you intend to use the driveway, we recommend you check, when you view the property, to make sure your vehicle will fit.

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.

Reception Room

13' 11" into bay x 13' 3" max. (4.23m x 4.05m)

Bedroom

11' 4" max. X 10' 10" max. (3.46m x 3.29m)

Bathroom

5' 5" x 5' 5" (1.65m x 1.64m)

Kitchen

14' 1" max. X 8' 10" max. (4.30m x 2.70m)

Garden

Approximately 58' 5" x 27' 3" (17.80m x 8.31m)