Shared ownership is another way to buy your own home. You buy a percentage, and pay rent on the rest. The housing association owns part of it — but you’re living there, you decorate it, and you decide when to sell.

Buying a percentage means a smaller deposit and smaller mortgage. It’s a sooner first step on the ladder for lots of people. Usually, you can also carry on buying shares, to own it 100%.

Read more about Shared ownership (Opens in new window)

Belmont Apartments, 1-2 bed homes


Ashmount Road, Islington, N19 5RQ

Shared ownership

Starting prices

25% share from
£150,625
Full price
£602,500
Minimum deposit
£7,531

Overview

Belmont Apartments offer a rare opportunity to buy through shared ownership a new one or two bedroom apartmentin a truly desirable North London location. Comprising 11 spacious, well-equipped properties arranged across a four storey building, the ground floor apartments all have the benefit of their own front door off the street, whilst several of the apartments on the higher floors have a private balcony or, in one instance on the top floor, a large roof terrace.

Belmont apartments benefit from an excellent location, on an established, attractive residential road between Highgate and Crouch End. Archway and Highgate underground stations are within reasonable walking distance, as are local schools, parks, restaurants, pubs and grocery stores.

This brand new, spacious and well-specified 2 bedroom apartment offers a first floor position and a bright, southerly-aspect to its kitchen/living area. Our homes offer a modern,sustainable living choice, finished to provide a tasteful, neutral canvas…ready for you to add your own, unique signature.                                                                                                                                                                      

Share's available at:

30% share: £180,750

50% share: £301,250

60% share: £361,500

75% share: £451,875

 


Local area information

The development occupies an enviable location on Ashmount Road, adjacent to the tranquil Whitehall Park Consservation Area, a leafy enclave of Victorian red brick houses on streets named after Shakespearian characters. The area itself is elevated, meaning views towards The City are only a few minutes' walk from the development.


Plot availability

Plot number A1-5-1
Tenure Shared ownership
Availability Available
Bathrooms 1
Minimum share 25%
Minimum share price £158,750
Full market price £602,500
Monthly rent £1,091
Monthly service charge £150
Ownership Leasehold

KITCHEN 
• Contemporary style fitted cabinets finished in light grey gloss
• Contrasting Sahara brown graniteeffect work surfaces

• Integrated appliances:
- Multi-function electric fan oven
- Four-ring hob
- Extractor hood
- Full height fridge/freezer
- Washer/dryer
- 11 /2 bowl stainless steel sink
- Chrome finished lever mixer tap
- Low energy lighting
- Slip-resistant ceramic floor tiles

BATHROOM 
• Contemporary style brilliant white sanitary ware:
- Steel bath with anti-slip finish
- Wash basin inset into semi worktop with vanity unit beneath
- Close-coupled WC with dual flush

• Over-bath thermostatic shower
• Chrome-finished lever mixer basin and bath taps
• Toughened glass shower screen
• Chrome-finished towel rail
• Full height ceramic wall tiles around bath area
• Half height ceramic wall tiles elsewhere
• Non-slip ceramic floor tiles

GENERAL 
• Engineered wood flooring to living/ dining room and hall
• Multi-weave fitted carpet to bedrooms
• Fitted wardrobes to bedroom 1
• Light Oak-veneered contemporary style interior doors
• Some third floor apartments feature great views over The City
• Walk-out balcony or terrace to selected apartments
• Gardens to ground floor apartments


FAQ's

Min share price from: £158,750 for a 25% share
Full price from: £602,500
Minimum deposit from: £7,531
Monthly rent from: £1,091
Bedrooms: 2
Bathrooms: 1

There is only one available priced at £158,750 for a 25% share.

It’s the same as buying on the open-market but you’re buying a share of a property, so therefore pay a mortgage on the part you own.

An independent mortgage advisor can help suggest which type of mortgage might be best for you, based on your situation.

Leasehold, which is essentially the contract for the share you've bought.

It means you've got the right to keep your home for a certain number of years (usually at least 125), but the land belongs to someone else. Your lease also sets out how much you need to pay each month, your responsibilities while living there and all the details of your agreement with the housing association. Make sure you go through it and ask lots of questions.

Your solicitor can help you with this.

It all depends on your lease (your contract with the housing association) so check it thoroughly and ask questions before you buy.

Housing Provider

isha
Shared ownership

Starting prices

25% share from
£150,625
Full price
£602,500
Minimum deposit
£7,531