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Resale

1 Bed Apartment, Somerset Gardens N17 8HB

  • Price: £109,080 (50% share)
  • Status: Available
  • Second floor, 1 Bedroom Apartment
  • Allocated parking space
  • Intercom entry system
  • 39m2 floor space
  • *Approx 71 year lease term (Unverified, subject to confirmation from purchasers solicitors)

 

METROPOLITAN PRE-OWNED SHARED OWNERSHIP

Available now through Metropolitan pre-owned Shared Ownership scheme is this second floor one bedroom apartment in Somerset Gardens, White Hart Lane, Tottenham. The property has a separate kitchen and living room area, a fitted bathroom suite and wood style flooring in the lounge and bedroom. The property is within a 5 min walk of White Hart lane Overground station offering direct access to Seven Sisters underground station (Victoria Line) and Liverpool Street. This property would make a great home for a first time buyer in an otherwise unaffordable area.

*The remaining lease term is 71 years on this property. The valuation is reflective of the lower term. You will have the option of extending the lease. Metropolitan does not impose a minimum time that you must own the property before you can apply to extend the lease. You can even extend the lease at the same time that you purchase the property. You should discuss the lease term with your financial advisor/mortgage broker and your solicitor. The cost to extend this lease by 90 years is £13,363 (Thirteen Thousand Three Hundred and Sixty Three Pounds).

Costings

Metropolitan only offer affordable homes in London to customers who have applied and been approved for affordable home ownership by completing the application form at www.metsalesapp.org.uk

 

    • Full valuation price                                          £ 218,160
    • Share                                                                    50%
    • Share price                                                          £109,080
    • Rent per month                                                £ 265.69
    • Service charge per month                             £ 132.59 (Service charge apart from management fee, paid over 10 months, total includes £29.81 for sinking fund charge)
    • Minimum household income                      £ 35,647
    • Minimum savings                                             £ 6,454
    • Approx Monthly Mortgage payments     £ 413.47
  • Total Monthly Payments                              £ 811.75 

 

  • To arrange a viewing for this property please contact the Resales Team on 0203 535 2760, or via email at homematchinfo@metropolitan.org.uk

To complete your application for this property please visit www.metsalesapp.org.uk

Applying online is the quickest and easiest way to apply.

 

Local information

Bus Routes:

W3

Tubes/Trains:

White Hart Lane Overground – 3 min walk

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Buying options

Buy a share in a brand new or resale home from Metropolitan. You pay a mortgage on the part you own and a subsidised rent on the part you don’t own. Learn more about your buying options here.

Useful Information

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Looking? We offer a range of housing options to help first time buyers. We assist social tenants, Ministry of Defence personnel, those considered a housing priority and second steppers.