1 bedroom apartment

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £350,000). This generously-sized apartment is on the first floor of a modern development close to Alexandra Park & Palace. The property has a twenty-six-foot, open-plan kitchen/reception room with attractive units, integrated appliances and a Juliette balcony. There is a spacious bedroom with fitted wardrobe and a high spec bathroom with large format, limestone style tiles. Well insulated walls, gas central heating and high performance glazing make for a very good energy-efficiency rating. Hornsey Station (mainline services in to Moorgate or out towards Hertfordshire) is close by and Turnpike Lane (Piccadilly Line) is within comfortable walking distance or short bus ride. The boutiques, bookstores, artisan coffee shops and other amenities of Crouch End are also within easy reach.

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM []

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (125 years from 2017).
Minimum Share: 50% (£175,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £481.85 per month (figure is from April 2024 and subject to annual review).
Service Charge: £122.40 per month (figure is from April 2024 and subject to annual review).
Guideline Minimum Income: Dual £53,300  Single £59,700 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Haringey. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.

WHAT IS SHARED OWNERSHIP ?
Shared Ownership is a housing scheme designed to help homebuyers who are unable to afford the cost of buying a property outright on the open market. Properties may be sold off-plan or new build direct from housing associations, or pre-owned from existing shared owners. The rules and terms of the scheme are set by the Greater London Authority (GLA) in London and Homes England outside of London.

IS SHARED OWNERSHIP FOR YOU ?
The GLA and Homes England set the eligibility criteria for Shared Ownership, but broadly speaking you must:
1. Not own another property in the UK or any other country.
2. Have a household income that falls below £90,000 (£80,000 threshold outside the M25). Every property will have a minimum income level too, determined by its’ value, rent and service charge costs. In most cases you will need to meet or exceed the given minimum income.
3. Have access to a minimum deposit of 10% of the share being purchased (a minimum deposit of 5% of the share being purchased may be acceptable depending on individual financial status).
4. Be in full time permanent employment.
5. Be a British, EU or EEA Citizen or have indefinite leave to remain in the UK.
6. Have a good credit history.