Pageant Avenue
Studio homes in Barnet, Barnet, NW9 5LQ
| 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
Two bedroom house in the London Borough of Barnet, available to buy through Shared Ownership. Full market value £365,000. 25% share available, share price £91,250.
Monthly Fees
Monthly Mortgage**: £485.09
Monthly Rent: £654.77
Monthly Service Charge*: £27.47
Insurance Service Charge: £13.27
Council Tax: £119.58
Estimated Total (per month): £1,180.58 excluding council tax
*Service Charge payable to Notting Hill Housing
**Estimate: 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
Living Room and Kitchen
First floor
Landing, two bedroom and bathroom with wash hand basin and WC
External
There is an area of garden to the rear and from that amenity space there is access to a garden store/shed
Parking to the front
GIA
80 square metres as per RICS valuation
Accessibility rating
F – General Housing
EPC rating
C
Length of lease
72 years
Borough
Barnet
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.
Pageant Avenue
Studio homes in Barnet, Barnet, NW9 5LQ
| 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.
Housing Provider
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