Summary - Flat 48, Eclipse House, LONDON N22 6UX
1 bed 1 bath Flat
One-bedroom second-floor flat with private balcony and modern fitted kitchen
505 sq ft — comfortable size for singles or couples
Available for 25% share: £63,750 (based on £255,000 valuation)
Total monthly cost ≈ £761.39 (rent £617.26 + service charge £144.13)
Service charge approx £1,730 pa; annual rent increase each April
Leasehold with 105 years remaining; shared ownership rules apply
Very high local crime — consider security and insurance costs
Very slow broadband; electric storage heating may increase energy bills
This one-bedroom second-floor apartment in Wood Green is offered via Shared Ownership (25% share) and suits first-time buyers seeking an affordable city base close to transport and local amenities. The flat includes a modern fitted kitchen, a double bedroom, a bathroom, entrance storage, and a private balcony. At 505 sq ft it feels a comfortable size for singles or couples.
The advertised 25% share is £63,750 (based on a £255,000 market value). Monthly charges currently total approximately £761.39 (rent £617.26 plus service charge £144.13); a mortgage will be required for the share. Service charge is around £1,730 pa. There is an annual rent increase each April and a 5% minimum deposit is indicated.
Practical considerations are important: the property is leasehold with 105 years remaining, managed under Shared Ownership rules, and uses electric storage heaters (can be costly to run). Broadband speeds are reported as very slow in the area. Crime levels are recorded as very high locally, which buyers should factor into safety and insurance decisions.
Transport links are excellent, with Wood Green tube a very short walk and quick central London access. Local shops, supermarkets and services are within easy walking distance, and green space at Alexandra Palace is close by. The flat presents an affordable entry route onto the housing ladder, but buyers should budget for ongoing rent, service charges and potentially higher energy costs.
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