£585,000 for 76% share
A two storey, two bedroom modern terraced house in need of updating. Quietly located on a crescent of houses overlooking an attractive and well maintained green. Within easy reach of Camden Town's multiple shopping and transport facilities, Camden Tube and Camden Road overground station. St Pancras Eurostar and the new shopping and restaurant facilities at Kings Cross and Granary Square are a short walk away. Bright rooms, good storage space, including a loft. Large rear South facing garden. This property can be purchase as a 76% shared equity for £600,000 (dependent on meeting qualifying criteria) or at £725,000 outright.
Living room 14'10 x 10'4" French doors to south facing garden
Kitchen 11'4" x 8'8" Fully fitted
Bedroom 10'8"' x 10'5" Plus very deep fitted wardrobes
Bedroom 8'2" x 7'3" Casement window
Bathroom 8'2" x 5' White suite. Window
Garden 27'6" x 21' At Max. South facing
Hallway 11'4" x 4'
Tenure: Leasehold 82 years
24% rent = £165 per month.
Council tax: Band E (Camden Borough)
EPC Band C (75/90)
The derivation of this street name is unclear. Rossendale is near Chester. I cannot find any local significance for this name. Built during the mid 1980's as part of Elm Village, a small residential development off St Pancras Way within easy reach of Kings Cross and Camden Town. It's accessed from Barker Drive, a turning off St Pancras Way on the edge of central Camden Town. It consists of modern two and three bedroom terraced houses not dissimilar to other parts of Elm Village, yet some of these houses have fabulous direct views of Regent's Canal.
These houses are provided with plenty of parking bays, none are designated to any of the houses, however. They are used on a first-come, first-serve basis. These are freehold but also leasehold houses and a number of these were bought privately with housing association assistance. It is not uncommon to find a house for sale where you buy into an equity share of the leasehold. This is often the case in neighbouring houses in Bergholt Mews and Blakeney Close where you'd buy equity of anything from 25% to 100% and then pay a token rent to the housing association for the remainder. Many people prefer to own the property outright and have exercised their right to “staircase” up in equity by buying the housing association portion, however the part-own, part-rent option is a fabulous opportunity for first-time buyers and key-workers to not just live in central London but an extremely pleasant, leafy, quiet and friendly neighbourhood such as Rossendale Way.