1 bed flat for sale in Queensland Road, London N7, £260,000

260,000.00

Offer Nr.:
64043973
Type of ad:
for Sale
Property type:
1 bed flat
Bedrooms:
1
Bathrooms:
1
Contact name:
Newlon Living - Resales
Phone(s):
020 3463 1588

* Leasehold
* 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 well - presented one bedroom apartment located on the sixth floor of a
purpose - built apartment block. The accommodation comprises; entrance hallway,
open plan kitchen/reception room, bathroom, bedroom and balcony, accessed via
the reception room, from which there are views towards the stadium, the
concourse and over the communal roof terrace below. The building has a door
entry phone system, bicycle storage, lift access and a communal roof terrace.
Property Value: £400, 000
Minimum Share: 65%
Share Value: £260, 000
Lease Term - 90 years (approx. )
Rent pcm - £232. 54
Service charge pcm - £265. 10
Gross internal area: 506 sq. ft / 47 sq. m
EPC Rating: B
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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