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Sanctuary Housing Association

Shared ownership

Candish Court, Miles Road, London, N8 7FR

For sale
Shared ownership
Photo of Sanctuary Housing Association
Live from space album cover

from

£260,000

with min. deposit

TBD

50% Share from
£260,000
Full market price
£520,000
Monthly rent
£607
Monthly service charge
£139

2 bedroom flat

This is a modern flat offering two good sized bedrooms and bathroom, a spacious kitchen/living space and balcony.

Property features are as follows:-

Secure third floor flat;
Hallway with two large cupboards. One for storage, one for utilities including plumbing for washing machine;
Two good sized bedrooms;
Bathroom (bath/shower);
Kitchen/living space. Modern and well-appointed kitchen space. Light and fresh living space;
Balcony with space for outdoor eating and planting;
All white goods (washing machine, dishwasher, fridge and freezer) included;
Access to a shared courtyard;

 
 

Features

Wheelchair accessible

Bedrooms2
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£260,000

with min. deposit

TBD

50% Share from
£260,000
Full market price
£520,000
Monthly rent
£607
Monthly service charge
£139
Sanctuary

Sanctuary

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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