Flat 16 Bevan House

Property Overview

This one-bedroom apartment offers an excellent opportunity to step onto the property ladder through Shared Ownership, combining the convenience of apartment living with a desirable North London location.

Situated within Bevan House, the property provides an attractive option for first-time buyers, professionals or those looking to enjoy the benefits of living within easy reach of Central London.

The apartment offers one bedroom and is well suited to individuals or couples seeking a manageable home with convenient access to local amenities and transport connections.

Located on Rookery Lane, the property benefits from its position within an established residential neighbourhood, with Cockfosters offering a variety of shops, cafés, restaurants and everyday services.

The property is leasehold, with approximately 217 years remaining, providing long-term security for prospective purchasers.

Shared Ownership allows eligible buyers to purchase an initial 25% share, with the opportunity to increase their ownership over time through staircasing, potentially reaching 100% ownership.

Financial breakdown:

• Full Market Value: £430,000
• 25% Share Value: £107,500
• Rent on Unowned Share: £838.10 per month
• Service Charge: £132.49 per month
• Estate Charge: £120.94 per month
• Buildings Insurance: £14.52 per month
• Management Fee: £34.89 per month
• Reserve Fund Payment: £27.64 per month
• Total Monthly Payment (excluding rent): £330.48
• Total Monthly Payment (including rent): £1,168.58
• Lease Length: Approximately 217 years remaining

Larger shares may also be available, subject to affordability assessment.

For example, purchasing a 40% share would reduce the monthly rent to £670.48, while a 50% share would reduce the monthly rent to £558.73.

The rent and associated charges are subject to review in accordance with the terms of the lease.

All financial information is based on the property’s Key Information Document and should be confirmed before proceeding with a purchase.

What is Shared Ownership?

Shared Ownership offers you the chance to buy a share of your home (usually between 25% and 75%) and pay rent on the remaining share. Later on, you could buy more shares of your new home when you can afford to and, if you chose, own the property outright. Monthly costs to purchase a home via Shared Ownership are generally less than purchasing outright or renting, making it a fantastic option to get onto the housing ladder.

Eligibility criteria:

To be eligible for a home here you’ll need to:

• Have a combined household income under £90,000 per annum
• Not already own a property, or part of a property, at the time of completing on your purchase
• Be unable to purchase a suitable home to meet your housing needs on the open market

If you don’t meet the eligibility criteria for this development, you may still qualify for a shared ownership purchase at one of our others, so take a look at our website for more information.

Shared Ownership disclaimer

Shared Ownership eligibility criteria applies. Images are indicative only. Council tax bands are often not released until the property is complete. If you need any guidance, please get in touch with our sales consultants.

Local area

Bevan House is situated on Rookery Lane in Cockfosters, a popular residential neighbourhood in North London, close to the borders of Barnet and Enfield.

The area offers an attractive combination of suburban surroundings, green spaces and convenient transport connections, making it particularly appealing to professionals and those commuting into Central London.

Cockfosters High Street provides a selection of independent shops, supermarkets, cafés, restaurants and everyday amenities, creating a welcoming neighbourhood atmosphere.

For those travelling into London, Cockfosters Underground Station is served by the Piccadilly line, providing direct connections to King’s Cross St Pancras, Leicester Square, Covent Garden and Heathrow Airport.

Nearby Oakwood Underground Station offers an additional transport option, while local bus services provide connections to surrounding areas.

The property is also conveniently positioned for access to the M25 and A111, offering routes across North London and beyond.

One of the area’s greatest attractions is its proximity to Trent Park, a substantial area of parkland offering woodland walks, open green spaces, cycling routes and opportunities to enjoy the outdoors.

The surrounding area also benefits from a selection of schools, leisure facilities and recreational amenities.

With its combination of local amenities, green surroundings and direct Underground connections, Cockfosters offers an excellent balance between suburban living and access to the capital.