£181,500
(£359/sq. ft)
1 bed flat for sale
Queensland Road, London N71 bed
1 bath
505 sq. ft
EPC Rating: C
Added on
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 (86 years)
Service charge
£247 per month
Council tax band
D
Ground rent
£150
Ground rent date of next review
Ground rent review period
Every 25 years
Shared ownership percentage owned
55%
Shared ownership rent
£336 per month
Newlon Living - Resales
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About this property
Roof terrace
Balcony
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 bright and contemporary one bedroom apartment located on the fifth floor of a purpose-built apartment block. The accommodation comprises; entrance hallway, open plan kitchen/reception room, spacious bedroom and modern bathroom. The apartment benefits from far-reaching views towards the Emirates Stadium and beyond. The building has a door entry phone system, bicycle storage, lift access and a communal roof terrace.
Property Value: £330,000
Minimum Share: 55%
Share Value: £181,500
Lease Term - 86 years (approx.)
Rent pcm - £336.14
Service charge pcm - £247.27
Gross internal area: 505 sq.ft / 47 sq.m approx.
EPC Rating: C
Council Tax Band: D
Ground rent p.a.: £150 (payable from final staircasing to 100% ownership, subject to review every 25 years)
A variety of local shops, cafes and restaurants can be found close by. Nearby bus routes and trains from stations at Holloway Road (Piccadilly underground line) and Drayton Park (Northern City overground line) provide convenient public transport links to and from the City, Central London and the West End.
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