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%.

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Rosebay Drive, 2 bed homes


Rosebay Drive, Tottenham, Haringey, N17 9GB

Shared ownership

Starting prices

30% share from
£99,500
Full price
£330,000
Monthly rent
£362
Monthly service charge
£118

Overview

Optivo are delighted to offer for sale this well-presented two bedroom flat.

The flat consists of two large double bedrooms, a large bathroom with shower over the bathtub, a large size open planned kitchen living room with Juliet balcony and hallway with two large storage cupboards.  The flat is on the top floor of the three-story block which makes it a really quiet home and includes some lovely views out of the Juliet balcony doors. 

In the kitchen there is a large eco combi boiler which ensures to keep your bills low, as well as well-kept fitted cupboards and an electric oven and hob.  The complex is electric only. 

As you enter the complex you walk through the large communal outside space to enter the block.  There are only six flats within the block. 

Gross internal floor area- 58m2

The current market value is £330,000. The minimum 30% share available is priced at £99,500, current rent payable £361.98 pcm, service charges are currently £118.03 pcm. Subject to annual reviews. 

Viewings are by appointment only. Please can you ensure that you submit your interest and we will contact you with all the relevant information to arrange that viewing. 

If you would like to apply for this property after you have conducted a viewing, a PDF writable application form can be saved from the Brochure Section on this advert. Please email a fully completed copy to danielle.head@optivo.org.uk  

All completed application forms need to be returned to Optivo by the 2nd October 2020

Please note that if a high volume of applications is received, the deadline date might be brought forward.

 

Eligibility 

You may be eligible for this property if:

You have a gross household income of no more than £90,000 per annum when eligible to purchase.
You are unable to purchase a suitable home to meet your housing needs on the open market.
You do not already own a home or you will have sold your current home before you purchase or rent.

 

Lease term-   125 years from commencement date 01-09-2012

EPC rating-   B86

 
 
 
 


  


Local area information

A well-presented two double bedroom second floor flat, located just a short five minute walk to Bruce Grove over ground station and a 15 minute walk to both seven sisters and Tottenham hale stations. 

The flat is situated in a secure cul-de-sac with entrance gates just of the Tottenham high road, which has many bus routes just outside which will take you pretty much anywhere you need to go.   

There are a number of recently refurbished pubs a stone throw from the apartment which all do really good food, a large Aldi shop for all your essentials, a Superdrug, Iceland, Asda, sports direct and other chain shops and Tottenham hale retail park is just a short walk away as well as being in very close proximity to the new Tottenham Hotspur stadium which includes a large Sainsburys store. 

You can also walk a short way (5-10 minutes) to the River Lea where you can leave London behind. 

 


Housing Provider

Optivo (Resales)
Shared ownership

Starting prices

30% share from
£99,500
Full price
£330,000
Monthly rent
£362
Monthly service charge
£118