1 bed flat for sale

6 Somerford Grove, London N16

If you are unable to buy a property outright on the open market, then Shared Ownership could be the ideal solution for you. It is a part-buy, part-rent scheme, which enables purchasers to buy an initial share of usually between 25% and 75% the value of the property and pay a subsidised rent on the remainder. A service charge may also be payable to cover the cost of communal maintenance. Shared Ownership properties are designed as a stepping stone to completely owning your own home, allowing you to buy as much as you can afford when you can afford it.

A resale is a Shared Ownership property that the current owner bought new from us or as a resale. Buying a resale property makes you an owner-occupier because you are buying at least the current owner's share on the existing lease. The great thing about choosing to buy a re-sale shared ownership property is that it gives you the opportunity to speak to the previous owner and to find out more about the area.

A stylish one bedroom apartment located on the third floor of five storey converted factory/industrial building. This bright and spacious apartment comprises; hallway, reception/dining room opening onto fitted kitchen, double bedroom and bathroom. The property further benefits from having gas fired central heating and entry-phone system.

Property Value: £345,000
Minimum Share: 40%
Share Value: £138,000
Lease Term - 80 years (approx.)
Rent pcm - £525.76
Service charge pcm - £364.06
Gross internal area: 473 sq.ft / 44 sq.m approx.
EPC Rating: B
Council Tax Band: C

Located on the south side of Somerford Grove just east of Stoke Newington Road, the property is ideally situated for the vibrant Kingsland Road, with its wide variety of restaurants and bars, together with the more peaceful areas around Church Street and Clissold Park. Numerous bus routes pass nearby and both Dalston Kingsland and Dalston Junction overground stations are within easy reach, providing access to transport links across London.