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Electric House (Ref: 1167)

Shared ownership

London NW2 5BZ, London, NW2 5BZ

For sale
Shared ownership
Photo of Electric House (Ref: 1167)
Live from space album cover

from

£270,000

with min. deposit

£13,500

60% Share from
£270,000
Full market price
£450,000
Minimum deposit
£13,500
Monthly rent
£513
Monthly service charge
£141.09

1 bedroom flat

A lovely one-bedroom apartment in the heart of vibrant Willesden Green is now available to buy through Shared Ownership.

The home has been well looked after by the current owner and comprises of a large, airy living-room with open plan kitchen / dining area offering high quality fully fitted kitchen with integrated appliances. The home also benefits from a good size balcony with lovely views! The apartment has a double bedroom and a modern, white bathroom. The apartment is located on the 6th floor. 

Full of natural light, this great property also benefits from wood flooring in the lounge / kitchen and carpet in the bedroom and a fitted …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area60
Number of floors1
Entrance floor6th floor
Tenureleasehold
Lease years118
EER Current81
EER Potential81

from

£270,000

with min. deposit

£13,500

60% Share from
£270,000
Full market price
£450,000
Minimum deposit
£13,500
Monthly rent
£513
Monthly service charge
£141.09
Network Homes

Network Homes

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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