Castra Apartments

1 bedroom homes in Inglis Way, Barnet, Barnet, NW7 1ET

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £99,875 for 25% share
Full price from £399,950
Min deposit from £4,994
Monthly rent from £722
Service charge from £150
Bedrooms 1
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Overview

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Castra Apartments benefits from being within a short distance from so much of what north London has to offer. This isn't to say that the rest of the capital is out of reach, though. London's underground network is easily accessible from Mill Hill East underground station on the Northern Line, a pleasant 12 minutes' walk from the development and Finchley town centre is a small 25-minute walk from the property. 

Local area information

Mill Hill is a quiet residential area within easy reach of all amenities including Waitrose supermarket, a short 15 minutes walk from the development or a 6 minute drive. The Broadway, a bustling high street an 11 minute drive away, has both high street staples such as M&S, Costa and Pizza Express as well as independent cafes like Bluebelles of Portobello serving popular brunches.

Head to Finchley High Street, a 10 minute drive, for neighbourhood pubs such as Catcher in the Rye for modern British dishes, or further along find brewpub The Bohemia for a large selection of craft beer.

Status Plot No. Floor Beds Min share price Eligibility
Available 15 Third 1 £99,875 View details
Available 20 Fourth 1 £100,613 View details
Available 21 Fouth 1 £101,613 View details
Available 25 Fifth 1 £101,238 View details
Available 26 Fifth 1 £101,238 View details
Reserved 16 Third 1 £107,500 View details
Reserved 29 N/A 2 £133,750 View details
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FAQ's

Min share price from: £99,875 for a 25% share
Full price from: £399,950
Minimum deposit from: £4,994
Monthly rent from: £722
Bedrooms: 1
Bathrooms: 1

There are 5 available ranging from £99,875 for a 25% share to £101,238 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.
Illustration by: James Halsall

Register Interest

Register your interest to be contacted by a housing provider. You will need to provide basic eligibility criteria during the register interest process.

Castra Apartments

1 bedroom homes in Inglis Way, Barnet, Barnet, NW7 1ET

Tenure Shared ownership
What is Shared Ownership?
Availability Available
Min share price from £99,875 for 25% share
Full price from £399,950
Min deposit from £4,994
Monthly rent from £722
Service charge from £150
Bedrooms 1
Bathrooms 1

Shared Ownership is a type of affordable home ownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.

For example, someone might buy a 50 per cent share in a property and pay rent to the landlord on the remaining 50 per cent. Purchasers then have the opportunity to ‘staircase’ up their share of the property, gradually increasing the proportion of their home that they own outright and therefore paying less rent on the remaining portion, until they own 100 per cent of their home.

Location

Housing Provider

Trusted by

Southern Complete Moves Mayor or London National Housing Federation Moat Homes