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Arc at First Central - 72

Shared ownership

Lakeside Drive, Brent, NW10 7FX

For sale
Shared ownership
Photo of Arc at First Central - 72
Live from space album cover

from

£247,500

with min. deposit

£12,375

75% Share from
£247,500
Full market price
£330,000
Minimum deposit
£12,375
Monthly rent
£189
Monthly service charge
£134
Reservation free
£500

1 bedroom flat

Arc at First Central is a stunning development of one, two and three bedroom homes from Catalyst available through private sale and shared ownership resale.

Flat 72 can be found on the 6th floor, is 53.6m2/577ft2 and comprises a great-sized bedroom, open-plan living/kitchen, the main bathroom, ample storage and a private balcony. This property is available with 1 allocated parking space.

Key Features:

  • EPC rating: B
  • Private balcony to all apartments
  • Video door entry system
  • Lifts serving all floors
  • Fully integrated kitchen
  • Excellent transport links
  • Secure bicycle storage

Located in the heart of North West London, Arc is eminently well-positioned for …

Features

Balcony

Lift access

Off street parking

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area53.6
Number of floors1
Entrance floor6th floor
Tenureleasehold
Lease years250

from

£247,500

with min. deposit

£12,375

75% Share from
£247,500
Full market price
£330,000
Minimum deposit
£12,375
Monthly rent
£189
Monthly service charge
£134
Reservation free
£500
Redloft

Redloft

Brochures

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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