2 Bed Apartment For Sale

Shared Ownership

This superb modern home is available to buy from as little as £178,250 with a 35% share!

This beautifully presented second-floor apartment in Well Grove, London N20, offers a perfect blend of modern style and comfortable living. The spacious open-plan kitchen and reception room create a welcoming heart to the home, ideal for both relaxing and entertaining. Large windows fill the space with natural light, and doors open out onto a private balcony — a lovely spot for morning coffee or evening unwinding.
Two bedrooms provide versatile accommodation for professionals, small families, or those looking for a guest room or home office. The main bedroom benefits from built-in storage, while the second bedroom offers excellent flexibility. A contemporary bathroom complements the layout with a sleek and practical finish.

Well Grove enjoys an excellent location with a wide range of amenities close by. Nearby, you’ll find a selection of independent shops, cafés, and restaurants offering everything from everyday essentials to weekend treats. Larger supermarkets and retail options are also within easy reach, ensuring convenience at your doorstep. The area is well served by public transport, with nearby Underground and bus links providing quick connections into Central London and surrounding areas. For those who enjoy the outdoors, there are several attractive parks and green spaces nearby, perfect for walks, recreation, or simply relaxing in nature. With its blend of local charm and strong connectivity, this location offers an exceptional balance of city living and suburban comfort.

PRICING & AFFORDABILITY

Full Market Value: £510,000

35% Share Price: £178,250 (rent £1062.46 pcm)
Minimum 5% Mortgage Deposit (35% share): £8,925
Approximate Service Charges: £171.52 pcm*
Lease: 116 years

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.

To be eligible for shared ownership 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.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £510,000 and a purchaser would not need to meet the eligibility criteria listed above.