1 bed flat for sale

Willis Yard, 128 Chelmsford Road, London N14

Shared ownership (Advertised price represents 30% share. Full market value £335,000). An immaculately-presented flat on the ground floor of a modern building just off Chelmsford Road. The property has a twenty-one-foot reception room with wood flooring and a semi-open-plan kitchen area featuring stylish units and integrated appliances. Double doors lead from the living area out to a patio with timber fence and gate (sole use, not demised). There are built-in wardrobes in the bedroom and the bathroom is large enough to include a separate shower cubicle. Well insulated walls, double glazing and gas central heating make for a good energy-efficiency rating. Southgate Station, for the Piccadilly Line, is just a short walk away and there is a a wide range of shops, restaurants and other amenities close by. Oakwood Park and Grovelands Park are also within easy reach. The flat comes with an allocated, off-street parking space.

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: The Riverside Group.
Tenure: Leasehold (125 years from 01/04/2005).
Minimum Share: 30% (£100,500).
Shared Ownership Rent: £635.77 per month (subject to annual review).
Service Charge: £106.07 per month (subject to annual review).
Guideline Minimum Income: Dual - £39,200 | Single - £45,500 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Enfield.

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 Riverside Group (which 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.

Bathroom

9' 5" max. X 6' 8" max. (2.88m x 2.04m)

Bedroom

14' 0" max. X 11' 5" max. (4.27m x 3.48m)

Reception

21' 7" max. X 14' 11" max. (6.59m x 4.55m)

Kitchen

Included in reception measurement

Patio Garden

Approximately 21' 11" x 10' 8" (6.69m x 3.24m)