2 bed flat for sale

Burnt Oak Broadway, Edgware HA8

Two bedroom Shared Ownership apartment combining contemporary design, practical living space and exceptional convenience, this apartment offers an enviable lifestyle in the heart of North West London. An excellent opportunity for first-time buyers, seeking a modern London home in a well-connected location. Burnt Oak offers a strong blend of affordability, connectivity and lifestyle convenience.

Move straight in 🔑 with show apartment furniture included 🛋️

These final apartments at icon come complete with furniture included†, making moving day a whole lot easier. Less stress. More time to enjoy your new home.

This two bedroom home in the Icon development is the very best in luxe urban living, with high-end but understated contemporary design that leaves you scope to make your own mark. Open-plan living space, ideal for relaxing or entertaining alike. The contemporary fitted kitchen blending style and practicality. The beautiful appointed bathroom offers a calm retreat. Private balcony extending from the living area, offering valuable outdoor space and an ideal spot for relaxing, entertaining guests or enjoying views of the surrounding area. The private balcony extending from the living area, provides valuable outdoor space and an ideal spot for relaxing and offers enjoying views of the surrounding area.

Situated in the London Borough of Barnet, this North London location is an up and coming neighbourhood that is becoming an increasingly popular choice for people looking to get on the property ladder.
Pricing & affordability

Prices for a two bedroom apartment at Icon:
Full market value £450,000.
Shared Value (25%): £112,500
Rent: £773
Service Charge: £234.76
Minimum 5% deposit (25% share) £5,625

what is shared ownership?
Shared Ownership is a government-backed scheme designed to help you buy a home that may otherwise be unaffordable. You purchase a share of the property (typically between 25% and 75%) and pay rent on the remaining share, as well as a service charge to cover maintenance and management of communal areas. Over time, you can increase your share (known as staircasing) up to 100%, or sell your home on the open market. As your deposit is based on the value of the share you are buying rather than the full market price, this can make stepping onto the property ladder more achievable.
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. At this development you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

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. Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*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.
** Length of Lease speak to sales consultant for further clarification
***These photos are for information purposes only and may not represent a true likeness
****Pet friendly subject to approval and admin cost.
†All furniture in the apartments can remain at no additional cost and would have to be accepted in its current condition.

Floorplans are not to scale and are indicative only. Location of windows, doors, bathroom fittings, kitchen units and appliances may differ. Dimensions given are approximate and should not be used to order carpets or furniture. External area sizes and locations may differ from those illustrated