1 bed flat for sale

Burnt Oak Broadway, Edgware HA8

Shared Ownership

This superb modern home is available to buy from as little as £150,000 with a 50% share!

A well-proportioned one-bedroom apartment offering a modern open-plan layout and an impressive private balcony. The accommodation centres around a spacious living/kitchen/dining area, with multiple doors opening directly onto the balcony and allowing plenty of natural light into the main living space.

The apartment also features a generous double bedroom, bathroom and particularly useful storage, with three separate storage cupboards shown on the floorplan. The large wraparound-style balcony is a standout feature, providing valuable private outside space and extending across both the living area and bedroom.

Agate Heights is exceptionally well positioned for transport and everyday amenities, with Burnt Oak Underground Station just a short walk away, providing Northern line services into Central London. The surrounding Burnt Oak Broadway area offers a wide selection of shops, supermarkets, cafés and other amenities, with numerous food stores available within half a mile.
Pricing & affordability


Full Market Value: £300,000

50% Share Price: £150,000 (rent £402.25pcm)
Minimum 5% Mortgage Deposit (% share): £7,500
Approximate Service Charges: £199.13pcm*
Lease: 123 years
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 £300,000 and a purchaser would not need to meet the eligibility criteria listed above.