£98,750
(£150/sq. ft)
2 bed flat for sale
The Restorey, Central Way, Park Royal NW10New home
Shared ownership
Leasehold
2 beds
1 bath
1 reception
657 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
£678 per month
Sovereign Network Group - The Restorey
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About this property
Shared Ownership
New Listing
Communal garden
Balcony
Double glazing
Available from a 25% share
Shared Ownership
Private balcony
Integrated appliances
Carpet and flooring included throughout
Bike Storage
Show home open
A collection of 1 bedroom Shared Ownership apartments offering the best of open-plan living!
The indigo kitchen units provide plenty of space for all your essentials. Fully integrated appliances include an electric oven, hob, extractor fan, dishwasher and fridge/freezer. There's also a free-standing washer/dryer located in the utility cupboard.
The bedroom is spacious and bright, and features a built-in sliding door wardrobe, providing plenty of storage.
These properties also come with a stylish bathroom including a slip resistant flooring, full height tiling around shower/bath and half height tiling behind WC and basin, as well as a chrome heated towel rail.
Each plot also benefits from a private balcony, terrace, garden and/or winter garden.
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: £395,000
- 25% Share Price: £98,750
- Rent on un-owned share £678pcm
- Estimated service charge £246.18pcm
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.
