2 bedroom apartment for sale

Hello Wembley Hello Shared Ownership! Last chance to secure a new home at Arc.

What is Shared Ownership?

Shared Ownership is designed so that you can buy a share of the new home with a lower deposit. With Shared Ownership, you buy a share in your new home or a resale home usually between 25% and 75% of the full market value of the home. You also pay rent on the part owned by SNG. In addition a service charge is payable per month. The service charge is calculated based on a number of factors, more details will be provided during the sales process, but primarily this is the cost the Landlord incurs for maintenance and repairs of the communal services (i.e. lifts) communal areas and building insurance. You will need to have savings to cover any deposit required by your mortgage lender and the costs involved in moving. When you can afford to, you can take your next steps and increase the share you own; this is known as 'staircasing'. The cost of the additional share that you buy will be based on the current market value of your home.

Example: One bedroom apartment Share price from: £81,250 for a 25% share with a full market value £325,000. You will also have to pay: monthly rent: £559 and monthly service charge: £167.15 plus the mortgage on the share you are buying.

• Details of the service charge will be provided during the sales process. It's important to note that the service charge is based on several factors and covers the costs incurred by the landlord for maintaining and repairing communal services (such as lifts, cleaning, and lighting) and communal areas (such as gardens, bin rooms, and hallways). You will also contribute to building insurance, a reserve fund, and administration and management fees.

• You will be required to pay rent, which is initially capped at a maximum of 2.75% of the share owned by SNG. Additionally, there will be an annual estimated service charge, payable monthly. This service charge will be reconciled at the end of the financial year, and we will inform you of your final service charge amount within six months of the end of the financial year. As a shared owner, you have certain key responsibilities. For instance, you are responsible for maintaining and repairing the interior of your home, including appliances, fixtures, and fittings. 

Feel at home in your own light, airy open plan apartment you’ll benefit from contemporary fitted kitchens and bathrooms, and modern design throughout. With a balcony as standard. Reserve and receive - £500 towards legals, £500 Love2shop Vouchers and £500 towards a local gym membership*

GENERAL SPECIFICATIONS

• Matte vinyl emulsion to internal walls and ceilings

• Satin white finish windows, architraves and skirting

• Brushed stainless steel door furniture including lever door handles

• Blinds to all windows and balcony doors

• Fob activated entrance with video security entry phone system to apartments

• LED lighting throughout

• Balcony to all apartments

KITCHEN AREA

• Amtico Spacia flooring

• Designer Symphony kitchen units with soft close doors and drawers and a built in cutlery tray

• Laminate worktops and splashback

• Zanussi stainless steel integrated electric appliances to include:

• Single fan oven and grill

• Ceramic hob

• Cooker extractor with lights

• Dishwasher*

• Fridge / freezer

• Washer / dryer (freestanding in utility cupboard)

• Stainless steel sink with chrome monobloc mixer tap

• LED downlights located under wall units

• Integrated recycling bin

LIVING / DINING AREA

• Amtico Spacia flooring

• Recessed LED downlights

• TV socket to living room has freeview and interactive

• Telephone and datapoints for wireless broadband

BATHROOM AND EN-SUITE

• Large format slip resistant ceramic tiled floor

• Ceramic tiles to walls, full height around bath and shower enclosures and half height behind WC and basin • Glass mirrored wall cabinet with double doors and external light

• Roca bath, shower base, sink and WC

• Toughened glass shower screen

• Chrome Hansgrohe bath and basin brassware, including shower mixer, shower head and fixed slider rail over the bath

• Heated chrome towel rail

• Hansgrohe polished chrome toilet roll holder and towel ring

BEDROOM

• Carpet with underlay

• Recessed LED downlights

• Floor to ceiling fitted wardrobe with sliding doors, hanging rail & shelves to main bedroom

• Freeview and interactive satellite socket to main bedroom, along with telephone point wired to main telephone socket. Subject to subscription

APARTMENT HALLWAY & LANDING

• Amtico Spacia flooring

• Recessed LED downlights

• Audio / visual entry-phone system connected to communal entrance door for apartments

COMMUNAL AREAS

• Communal, podium level residents garden

• Cycle stores

• Refuse stores

*Dishwashers are integrated and 450mm wide for 1 beds and 600mm wide for all other apartments

Located in North-West London, Wembley boasts an impressive choice of shops at the London Designer Outlet, as well as a variety of well-established and exciting new restaurants. Nearby is the iconic Wembley Stadium that houses world renowned sporting events and entertainment events that are at the pinnacle of their powers. The area has undergone a huge regeneration over the last 15 years and has developed into a vibrant community that offers culture, character and charm in an area that proves to be a perfect base for travelling around town.

Situated just 10 miles northwest of Central London, Wembley has three train stations that make commuting around the capital a breeze: Wembley Park is on the Metropolitan and Jubilee Lines, Wembley Central on the Bakerloo Line and overground line and Wembley Stadium which has rail services to Marylebone.