£462,500
2 bed flat for sale
Albert Road, Barnet EN42 beds
1 bath
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 (990 years)
Service charge
£192 per month
Council tax band
A band has not been assigned yet
Ground rent
Ground rent date of next review
Shared ownership details
You buy a share in the home that's right for you. Shares start from 25%. You'll pay a reduced rent on the share that SNG own and a monthly service charge towards the up keep of communal areas and/or shared outdoor spaces. As your finances allow, you can buy further shares in your home and 'staircase' as and when you choose, meaning you'll own more and pay less rent.
Shared ownership percentage owned
25%
Shared ownership rent
£795 per month
About this property
Integrated Appliances
Parking
Shares starting from 25%
Car parking included
New build apartments with fitted kitchen and appliances
New Barnet Railway station is 0.6 miles from your new home
Within walking distance of New Barnet high street
The perfect compromise - access to lively London and living in a quiet area
Fast access to major motorways - car parking available at the development
Live in the leafy North London suburbs of New Barnet
Close to local park and leisure centre
Situated within the highly sought-after Victoria Quarter development in the heart of New Barnet, this beautifully designed one-bedroom apartment offers contemporary living with a well-balanced layout and generous proportions throughout.
The property features a bright and spacious open-plan kitchen, living and dining area, designed for modern lifestyles. Floor-to-ceiling doors lead directly onto a private balcony, providing the perfect space for relaxing or entertaining.
The double bedroom is well-sized and benefits from built-in wardrobe space, while the sleek, fully fitted bathroom is finished to a high standard with modern fixtures and fittings.
Apartments include separate utility/storage room, offering valuable additional space and help keep the main living area uncluttered. The welcoming entrance hall further enhances the sense of space and practicality.
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.
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 Newham.
• 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
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.
Images and CGI’s are for illustration purposes only. Materials, specification, elevation, positioning may vary.
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