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£125,000

(£156/sq. ft)

2 bed flat for sale

The Restorey, Central Way, Park Royal NW10

  • New home

  • Shared ownership

  • Leasehold

    • 2 beds

    • 1 bath

    • 1 reception

    • 801 sq. ft

Available offer

  • Shared Ownership

    Buy part of this home using the Shared Ownership scheme. You'll then pay an "affordable rent" on the share you don't own.

Key information

  • Tenure

    Leasehold (990 years)

  • Service charge

    £246 per month

  • Council tax band

    A band has not been assigned yet

  • Ground rent

  • Ground rent date of next review

  • Shared ownership details

    Shared Ownership at The Restorey gives you the opportunity to buy a share of your new home, starting at 25%, or more depending on what you can afford. The rest is owned by SNG and you pay a subsidised rent on this portion in addition to your own mortgage. There will be a service charge payable to cover the cost of communal maintenance and this includes the buildings insurance.

  • Shared ownership percentage owned

    25%

  • Shared ownership rent

    £859 per month

Sovereign Network Group - The Restorey

Logo of Sovereign Network Group - The Restorey

About this property

  • Communal garden

  • Balcony

  • Double glazing

  • Available from a 25% share

  • Shared Ownership

  • Private balcony

  • Built-in wardrobe in bedroom 1

  • Carpet and flooring included throughout

  • Integrated appliances

  • Bike Storage

A superb two bedroom apartment available to purchase with Shared Ownership from £125,000 for a 25% share, with a minimum 5% mortgage deposit of £6,250. Initial shares can be purchased from 25% to 75%. Full market value £500,000.

In the kitchen you’ll find plenty of space for all your essentials and fully integrated appliances, including a dishwasher. There's also a free-standing washer/dryer located in the utility cupboard.

Bedroom 1 is spacious and bright, and features a built-in wardrobe. Bedroom 2 is a versatile space that makes a perfect bedroom or home office.

In the bathroom you’ll find full height tiling around the shower/bath and half height tiling behind the WC and basin, as well as a heated towel rail.

Enjoy time outside on your private balcony/terrace, or explore the communal gardens.

About The Restorey
Located in Park Royal The Restorey is a car-free development in one of the most exciting regeneration areas London has to offer. Conveniently placed in Zone 3, you’ll benefit from excellent connectivity with access to cycle paths along the canal into London, a nearby bus stop, and plenty of London underground station options, allowing you to travel with ease.

What is Shared Ownership?
With Shared Ownership you buy the share you can afford and pay rent on the parts that’s left. Benefits include:
- Affordable monthly mortgage payments (compared to full ownership)
- Ability to buy more shares in your home via staircasing
- The opportunity to build equity

Purchase Example:
- Full Market Value: £500,000
- 25% Share Price: £125,000
- Rent on un-owned share £859pcm
- Estimated service charge £245.80pcm

Shared Ownership could be for you if:
- You are over the age of 18
- Your household income is less than £80,000 (or £90,000 in London)
- It will be the only property you own

Terms & Conditions
Shared Ownership T&c’s apply. See for details. This scheme is subject to status and fitting criteria. Minimum and maximum share values will apply and rent is payable on the unsold share along with monthly service charges. Prices correct at time of writing but could be subject to change. Images are for illustrative purposes only. Materials and finishes are subject to change.

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.

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Property descriptions and related information displayed on this page are marketing materials provided by - Sovereign Network Group - The Restorey. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Sovereign Network Group - The Restorey for full details and further information.