1 bed flat for sale

Albert Road, Barnet EN4

Quartoria in the leafy North London suburbs of New Barnet is a new Shared Ownership development. In the first phase, there will be a selection of 22 exquisitely designed one, two and three bedroom Shared Ownership apartments. These thoughtfully designed apartments will offer open plan living and a private balcony or terrace. Car parking will be available for residents. Quartoria will offer refined living in the heart of New Barnet close to everyday essentials and fantastic transport options. As well a being part of a community, close to schools, green space and leisure facilities.
Pricing & affordability

Full Market Value: £365,000
25% Share Price: £91,250
Rent £627.34 pcm
Minimum 5% Mortgage Deposit (25% share): £4,563
Approximate Service Charges: £220.79 pcm*
Shared Ownership Lease: 990 years*
Council Tax Band: Tbc
Redloft will be the Sales Agents managing the sales on sng's behalf.

Work on phase one has now begun to build a selection of 1 and 2 bedroom Shared Ownership apartments including wheelchair adaptable. This new development will provide a wide variety of new affordable homes which will benefit the local area. Register your interest to visit the marketing suite and discuss your options with the sales team.
New homes

A new development in New Barnet. This development is currently under construction, when complete there will be a selection of Shared Ownership apartments offering residents a place to call home. Each apartment has been thoughtfully designed with modern living. With an open plan design, flooring throughout, and features a high quality specification. All apartments have a private balcony or terrace (depending on floor level) offering an inviting outdoor space. Your new home will have a fitted kitchen with appliances.

Stainless steel integrated electric appliances to include: - Stainless Steel built-in electric oven with integrated cooker hood - Frameless black 4 Zone induction hob - Dishwasher - Fridge / freezer - Washer / dryer (freestanding in utility cupboard)

Bathrooms are finished with floor tiles and chrome fittings. The main bedroom features a built-in wardrobe with sliding glass doors, and a soft neutral carpet for a calm, restful vibe.
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.
• Priority will be given to people who live or work in Barnet.
• 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.

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. Sovereign Network Group is charitable.