Shared Ownership

This brand new home is available to buy from as little as £123,125 with a 25% share!

Ferry Island North is the latest phase of a significant regeneration at Tottenham Hale. This brand new development of Shared Ownership apartments are just moments from Tottenham Hale station and close to the vibrant new central square which will come alive with restaurants, shops, bars and a cinema.

Tottenham Hale station sits at the intersection of the Victoria Line and National Rail routes. Local residents have direct travel to the West End on the Underground, as well as to Liverpool Street, Hackney and Stansted Airport via National Rail. London’s leading universities are all easily accessible from Tottenham Hale.

For football fans, the Tottenham stadium is a half-hour walk away and for those who get itchy feet, plenty of options jostle for attention, including a climbing centre and circus skills school.

At the heart of the new development lies a beautiful new piazza offering you a Mediterranean vibe of local coffee shops, designer shops, trendy bars. With a stylish Everyman cinema also in place, date nights and social meet ups will be at your fingertips, so whether you’re relaxing in the area or 15 minutes away in central London, here you can seek a truly metropolitan life.

PRICING & AFFORDABILITY

Approximate Size 777 sq ft

Full Market Value: £492,500

25% Share Price: £123,125 (rent £769.53pcm)
50% Share Price: £246,250 (rent £513.02pcm)
75% Share Price: £369,375 (rent £256.51pcm)

Minimum 5% Mortgage Deposit (25% share): £6,156
Approximate Service Charges: £282.19 pcm*
Shared Ownership Lease: 125 years
Council Tax Band: TBC

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.

At Ferry Island North you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for this shared ownership scheme 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

*These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.

SOWN are selling the homes on behalf of Sage Homes. Sage Homes is a Registered Provider committed to providing high quality affordable homes across England. For more information on Sage Homes visit .

Photos

2 bedroom flat for sale