Shared Ownership
This superb modern home is available to buy from as little as £85,000 with a 25% share!
Offered to the market with no onward chain, this third floor apartment provides bright and contemporary accommodation throughout. The property features a spacious open plan kitchen/living room with doors out to a private balcony. There is a generous double bedroom, a stylish family bathroom and useful storage cupboard.
Holborough House forms part of a modern development in the heart of Colindale, an area that has undergone significant regeneration in recent years. Residents benefit from a wide range of local amenities including supermarkets, cafés, restaurants and leisure facilities, whilst the nearby green open spaces of Silkstream Park and Fryent Country Park provide excellent opportunities for outdoor recreation.
The property is ideally positioned for commuters, with Colindale Underground Station (Northern Line) within easy reach, offering direct connections to Central London. A number of bus routes serve the area, while the A5, A406 North Circular and M1 motorway are all conveniently accessible.
PRICING & AFFORDABILITY
Full Market Value: £340,000
25% Share Price: £85,000 (rent £584.38pcm)
Minimum 5% Mortgage Deposit (25% share): £4,250
Approximate Service Charges: £211.44pcm*
Lease: 250 years remaining
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
NB: These images have been digitally furnished to represent how the home could be laid out,. Any fixtures or fittings shown in the images are not included in the purchase and the property is to be 'sold as seen'.
