1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (905 years remaining)
- Modern Shared Ownership home
- Great transport links
- No onward chain
- Long lease
- Close to local amenities
- Top floor
This superb modern apartment is available to buy from as little as £88,000 with a 40% share!
The property comprises of a living room (currently divided into a dining area and separate reception area/additional bedroom) with a separate kitchen, bathroom and a double bedroom. There's wooden flooring in the main areas and double-glazed windows. There is no allocated parking but plenty of street parking in front.
Located close to Enfield, North London, the flat takes advantage of being close to the city and train stations while also having tranquil natural areas in the surroundings. Liverpool Street can be reached by train in 20 min from the railway station, while the Overground and other buses are also available nearby. There are also beautiful lakes of William Girling and King George's Reservoirs, along with several golf courses and parks. All local amenities are nearby, with large supermarkets, shops, restaurants and schools for all levels. The M25 motorway is also very convenient, being only 10 minutes away by car.
PRICING & AFFORDABILITY
Approximate Size 47 sq m
Full Market Value: £220,000
40% Share Price: £88,000 (rent £681pcm)
Minimum 5% Mortgage Deposit (% share): £4,400
Approximate Service Charges: £122pcm*
Shared Ownership Lease: approx. 907 years
Council Tax Band: B
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change.
* This home can also be purchased outright (100% of the value) which is £220,000 and a purchaser would not need to meet the eligibility criteria listed above.
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Property reference SDO230773. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by SOWN - National.
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Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 17, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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