Summary - Somerset Gardens, White Hart Lane, N17 N17 8HB
1 bed 1 bath Flat
Shared-ownership one-bed in Tottenham — low deposit, clear monthly costs, inner-city location.
- 50% shared ownership: £100,000 purchase price
- Minimum 5% deposit on the 50% share
- Approx. 432 sq ft; one double bedroom
- Modern separate kitchen; bright living room
- Monthly rent £389.61; service charge £207.14
- Total monthly charge £596.75 (mortgage extra)
- Area: very deprived and crime above average
- Street parking only; third-floor flat
A compact one-bedroom apartment in Tottenham offered via Shared Ownership, priced at £100,000 for a 50% share of a £200,000 valuation. The third-floor flat (approx. 432 sq ft) has a modern separate kitchen, a bright living room and a double bedroom—suitable for a single buyer or couple seeking an affordable step onto the property ladder. A minimum 5% deposit is required for the share.
Monthly outgoing costs are transparent: rent on the unsold share £389.61, average service charge £207.14 and a total monthly charge of £596.75 (mortgage for your share not included). Note an annual rent increase takes place each April. The lease length shown is long (955 years), which supports mortgageability, but the property is leasehold and sold as a shared ownership interest.
Practical positives include good local transport links, fast broadband and excellent mobile signal. Street parking is available. Local amenities, parks and a range of schools (several rated Good or Outstanding) are within reach. However, the area is classified as very deprived with above-average crime rates—important for lifestyle and insurance considerations.
This flat suits a first-time buyer wanting lower upfront cost and modern interiors, but plan for ongoing service charges, annual rent rises and the realities of living in an inner-city, striving neighbourhood.
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