Available through our resale shared ownership scheme, a second floor, one-bedroom apartment in Neasden, London.

Property description:

The property comprises a communal entrance with entry system, lift access, open plan kitchen and reception, kitchen with integrated appliances, private balcony, one bedroom, bathroom with shower over bath and hallway storage cupboard. 

 

Lease: Commenced 2018 with 125-year term

Council Tax Band: Brent Council – C

Gross Internal Area: 553sq.ft.

 

LOCAL AREA INFORMATION

At the back of the development is an area of public open space for quiet relaxation. Willesden is a lively community with plenty of amenities. The neighbourhood has strong literary connections and is the setting for several novels by best-selling local author Zadie Smith.

Willesden’s cosmopolitan vibe has created a melting pot of food, culture, music and shopping. As well as browsing in branches of famous-name stores at nearby Brent Cross, you can shop for exotic fruit and veg at the weekly produce market. As for the dining out scene, there’s a wonderful mix of restaurants, cafes and gastropubs, including canal-side establishments in Willesden Green.

After-dark entertainment is also easy to find with plenty of cinemas, clubs and music venues close at hand. Not to mention the star-studded shows and concerts in London’s West End, just a few miles away.

Neasden tube station is just 600 metres from the development, there are plenty of local buses and the North Circular Road is just a short drive away.

 

FINANCIAL INFORMATION

Property Value = £325,000

Percentage Share = 35%

Share Price = £113,750

Monthly Ground Rent = £12.50

*Monthly Rent = £592.48 (£648.17 from 1st April)

*Monthly Service Charge = £149.55 (£230.94 from 1st April)

**Monthly Mortgage Payment = £581

***Annual Household Income = £53,000

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 30-year repayment mortgage with an interest rate at 5.5%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced (approximately every 5% extra deposit reduces the salary required by £1,200). 

Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.

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