Johnson Court

Studio homes in Brent, Barnet, NW4 4TT

Tenure Shared ownership
What is Shared Ownership?
Availability Available

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

This is a two bedroom first floor flat in L.B. of Barnet, available to buy through Shared Ownership. Full market value £320,000. 50% share available at £160,000.

Monthly fees

Mortgage*: £850.58

Rent: £434.04

Service Charge**: £102.95

Ground Rent: £100pa

Estimated Total (per month): £1,284

*Estimate 
** Service Charge payable to the manging agent. 
The monthly mortgage is based on an interest rate of 4.99 % with a capital and interest repayment over 25 years. It is based on a 90% mortgage. The rent may increase each year, the increase calculation will be specified in the lease.

 

Ground floor
Communal entrance hall and stairs

First floor flat
Hallway entrance with airing cupboard, living room, kitchen, bathroom and two bedrooms.

GIA
57 sqm (613sqft) gross internal as per RICS valuation

Accessibility rating 
F – General Access

Length of lease
109 years

EPC rating
E

Borough
Barnet

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.

Johnson Court

Studio homes in Brent, Barnet, NW4 4TT

Tenure Shared ownership
What is Shared Ownership?
Availability Available

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