Arc at First Central, Lakeside Drive, Brent, London, NW10 7FX
Type C, Arc at First Central, Lakeside Drive, London, NW10 7FX
Shared Ownership Apartment
Flat 81 can be found on the ground floor, is 54m2/581.9ft2 and comprises of a great sized bedroom, open-plan living/kitchen, the main bathroom, ample storage and a large private terrace.
Full Market Value: £315,000
Shares available from 80%: £252,000
Rent*: £144.38 per month
*Calculated at 2.75% per annum of the value of the share that you do not initially buy.
Please note the following:
This is a Shared Ownership resales property. It is not a newly built property, and so you are purchasing this property with the understanding that it is being 'sold as seen'.
Interior photographs are of an apartment at Arc at First Central and illustrate an equivalent specification.
Lease length: 250 years
Council tax band: D
Estimated Annual Service Charge: £1,608
Service Charge Review Period: Yearly
Ground Rent: £0
Eligibility for Shared Ownership
In order to be eligible to purchase a Shared Ownership house or apartment, there are several general criteria you must meet:
You must be at least 18 years’ old with a clean credit history
Your annual household income must be less than £90,000 in London, or £80,000 outside of London
You’re a first-time buyer, a previous homeowner that cannot afford to buy one now, or an existing shared homeowner
You must not be in mortgage or rent arrears, demonstrate a good credit history and be in a position to afford the regular payments
Find out what you can afford
Unsure of how much you can afford to borrow towards the purchase of a home? Use our Affordability Calculator below to receive an assessment* of how much you’re likely to be able to borrow based on your income.
*Help to Buy: Equity Loan
- London Boroughs: 40%
- Outside of London: 20%