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Adastra House

Shared ownership

Nether St, London, N3 1QG

Sale under offernew home
Shared ownership
Photo of Adastra House
Live from space album cover

from

£105,000

with min. deposit

£5,250

25% Share from
£105,000
Full market price
£420,000
Minimum deposit
£5,250
Monthly rent
£632
Monthly service charge
£135.85

1 bedroom flat

A bright and airy first floor 1 bedroom apartment, forming part of this very conveniently located modern development, situated adjacent to Ballard's Lane, moments away from Finchley Central Underground Station (Northern Line) and a number of local bus routes, giving speedy access to Central London. A host of shops, cafes, restaurants, several parks and local amenities are in close proximity.

First Floor Apartment * BrightLounge * Large Double Bedroom * Modern Open Plan Kitchen * Stylish Bathroom/WC * Private Westerly Facing Balcony * Communal Heating System * Secure Resident's Bike Storage * Lift & Stairs Access * Excellent Condition *

FIRST …

Features

Balcony

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floor1st floor
Tenureleasehold

from

£105,000

with min. deposit

£5,250

25% Share from
£105,000
Full market price
£420,000
Minimum deposit
£5,250
Monthly rent
£632
Monthly service charge
£135.85
Origin Housing

Origin Housing

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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