1 bed flat for sale

Beagle Close, London NW7

This superb modern home is available to buy from as little as £101,250 with a 25% share!

Situated within a popular residential developmentl, this well presented first floor apartment benefits from secure gated and allocated parking and offers bright and spacious accommodation, ideal for first time buyers or those looking to take their first step onto the property ladder. The property features a generously proportioned kitchen/reception room with direct access to a private balcony, alongside a particularly spacious double bedroom, a family bathroom and entrance hallway with useful storage.

Beagle Close enjoys a convenient position within Mill Hill, offering access to a variety of local shops, supermarkets, cafés and everyday amenities. The surrounding area benefits from attractive green spaces and recreational facilities, providing a welcome balance between suburban living and the convenience of London life.

The property is well positioned for transport connections, with Mill Hill East Underground Station providing Northern line services into Central London. Mill Hill Broadway Station also offers Thameslink services, while nearby road connections include the A1, A41 and M1, making this an excellent location for commuters.
Pricing & affordability


Full Market Value: £405,000

25% Share Price: £101,250 (rent £845.57pcm)
Minimum 5% Mortgage Deposit (25% share): £5,063
Approximate Service Charges: £300.66pcm*
Shared Ownership Lease: 994 years remaining
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 £405,000 and a purchaser would not need to meet the eligibility criteria listed above.