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For Sale
Badge shared ownership
£153,125 (Price)
Full Market Value: £437,500

Arc at First Central, Lakeside Drive, Brent, London, NW10 7FX

Type E, Arc at First Central, Lakeside Drive, London, NW10 7FX

Shared Ownership Apartment

Bedrooms: 2
Furnished: No
Reception rooms: 1
New Build: No
Bathrooms: 2
Area: 791 sqft
Description
Arc at First Central is a stunning development of one, two and three-bedroom homes from Catalyst available through private sale and shared ownership resale.

Flat 94 can be found on the second floor, is 73.4/790.5ft2 and comprises 2 great-sized bedrooms with an en suite to bedroom 1, the main bathroom, open-plan living/kitchen, ample storage and a large private terrace. This property is available with 1 allocated parking space.

Full Market Value: £437,500
Shares available from 35%: £153,125
Rent*: £651.69 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.

Scheme Information:
Leasehold
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%
Shared Ownership
*The affordability calculators give you an indication of affordability only. Your initial affordability assessment will need to be completed by an Independent Financial Advisor (IFA).
Register your interest

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