2 bedroom apartment for sale

Under Offer

High Street, London, EN3 4EY

£100,500 · Shared Ownership New Build

Share percentage 30%, full price £335,000, £5,025 Min Deposit.

Under Offer
2 bedrooms
£100,500 Shared Ownership New Build

Share percentage 30%, full price £335,000, £5,025 Min Deposit.

Monthly Cost: £1,188
Rent £537, Service charge £150, Mortgage £501*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Summary

A collection of spacious & well specified 1 & 2 bedroom apartments all benefitting from a private balcony.

Description

In the heart of up & coming Ponders End, Electric Quarter is ideally placed to make the most of the range of local amenities and excellent transport links. Located just off the High Street, it's close to an array of pubs, takeaways, a Tesco Extra/Costa and the green space of the Recreation Ground. Slightly further afield lies lovely Epping Forest and just under a mile away is Enfield Retail Park with its furniture and DIY stores, popular restaurant chains and cinema. Two overground stations are within walking distance (with the City accessible in under 20 minutes), the A10 is close by and the M25 is around 10 minutes away....all meaning travel further afield is quick and convenient.

Our 1 & 2 bedroom apartments are spacious and well-specified, with each benefitting from a private balcony and finished to provide a tasteful, neutral canvas...ready for you to add your own unique signature.

Shared ownership is the easier way to have a home of your own, rather than renting with no return. You buy the financial share that works for your budget and pay a low monthly fee to us for the bit you haven't bought. You need a smaller deposit, as it's based on the price of the share you buy, rather than the full value. And, just like owning outright, when you want to move on you simply sell your share for its market value at that time. Or, when you're ready, you can buy more shares...until it's all yours.

You can initially buy between 25-75%, according to what you can afford. Some round-number examples, based on a home with a full market value of £335,000:

30% share = £100,500 (Your 5% deposit would be £5025; your monthly mortgage £442* and your monthly fee £537 = £979/month)
40% share = £134,000 (Your 5% deposit would be £6,700; your monthly mortgage £590* and your monthly fee £461 = £1051/month)
50% share = £167,500 (Your 5% deposit would be £8,375; your monthly mortgage £737* and your monthly fee £384 = £1121/month)
60% share = £201,000 (Your 5% deposit would be £10,500; your monthly mortgage £882* and your monthly fee £307 = £1189/month)

It really works, with hundreds of thousands of people across the country having already bought their home this way.

Our experienced, professional team is here to ensure that things go as smoothly as possible. Call us 9-5 Monday-Friday, or email us anytime, to discuss how it could work for you.

*Based on a mortgage rate of 3.75% and term of 30 years. Please note, rates and criteria vary. A service charge is payable in addition to the above. Initial priority will be given to those with a connection to Enfield borough.

For further information go to www.soelectricquarter.co.uk

Key Features
  • Spacious - 75 sq.m
  • Symphony Plaza kitchen
  • En-suite bathroom
  • Flooring throughout
  • South-Facing reception & balcony
  • Lower deposit required
  • The easy, flexible way to buy
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Map
Southbury (0.43 miles) Ponders End (0.49 miles) Brimsdown (0.98 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£100,500
Shared Ownership New Build
Estimated Monthly Cost:£1,188
Rent £537
Service Charge £150
Mortgage £501

Share percentage 30%, full price £335,000, £5,025 Min Deposit. Calculated using a representative rate of 3.94%


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Electric Quarter
Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.