1 bedroom apartment for sale

NEW SHARED OWNERSHIP HOMES

Plot 31, a modern one bedroom Shared Ownership apartment situated on the second floor has a size of 50.2m2 / 540ft. This thoughtfully designed, pet friendly apartment has a fitted kitchen with appliances, energy efficient heating, flooring throughout the living spaces and carpet in the bedroom. The apartment has a private balcony space and car parking is included which will be one available space - bay or undercroft.

Living in Quartoria in the leafy North London suburbs of New Barnet allows you to have the best of both worlds – a vibrant community close to the city - with direct trains from New Barnet reaching Moorgate in under 30 minutes. Plus the tranquillity of the countryside right on your doorstep.

Open to all boroughs. Priority will be given to people who live or work in Barnet.

PRICING & AFFORDABILITY

Full Market Value: £365,000

25% Share Price: £91,250

Rent £627.34pcm

Minimum 5% Mortgage Deposit (25% share): £4,563

Approximate Service Charges: £220.79 pcm*

Shared Ownership Lease: 990 years*

Council Tax Band: TBC

Red Loft are the Sales Agents managing the sales on SNG's behalf.

NEW HOMES

Quartoria will offer refined living in the heart of New Barnet. The development is perfectly positioned close to local park - Victoria Recreation Ground and New Barnet Leisure Centre. As well as all the everyday essentials, such as Sainsbury's this area also offers local cafes, restaurants, gyms, cinema, schools and medical facilities.

New Barnet Railway station is close by, only 0.6 miles away. Offering fast and frequent Great Northern and Thameslink services into Highbury & Islington in 18 minutes or Moorgate in less than 30 minutes. The area is also well served by local buses which connects you to High Barnet Underground station (Northern line) and beyond.

Travel times are approximate and taken from Google maps. Images and CGI’s are for illustration purposes only. Materials, specification, elevation, positioning may vary. Sovereign Network Group is charitable.

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright although this is not a guarantee. At this development you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.

• Priority will be given to people who live or work in Barnet.

• You have a deposit of at least 5% of the share value.

• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.

• This will be your only residence.

• You are a permanent UK resident or have indefinite right to remain. Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

*Length of Lease speak to sales consultant for further clarification

*These photos are for information purposes only and may not represent a true likeness

*Pet friendly subject to approval and admin cost.

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.