2 bedroom apartment for sale

Available

Otium House, 1a Fox Lane, Palmers Green, N13 4ER

£144,000 · Shared Ownership New Build

Share percentage 30%, full price £480,000, £7,200 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
£144,000 Shared Ownership New Build

Share percentage 30%, full price £480,000, £7,200 Min Deposit.

Monthly Cost: £1,638
Rent £770, Service charge £150, Mortgage £718*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Summary

Highly-specified 1 & 2 bedroom shared ownership apartments on this unique & exclusive development in the heart of leafy Palmers Green.

Description

One Fox Lane is an attractive, contemporary apartment building, designed to complement the locally listed architecture of the existing public house. The new development will offer a refurbished gastro pub, along with a gym on the ground floor and landscaped garden square. The external quality of the building is matched inside the apartments, with a high specification throughout, including engineered wood flooring and Schroeder kitchens. Adjacent to Winchmore Hill, Palmers Green is a sought-after location, offering a wealth of local amenities and convenient transport links.

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. Shares are available between 25-75% - below are some round-number cost examples for a home with a full market value of £395,000: (or £480,000)

(1b) 30% share = £118,500 (Your 5% deposit would be £5925; your monthly mortgage £521* and your monthly fee £634 = £1155/month)
40% share = £158,000 (Your 5% deposit would be £7,900; your monthly mortgage £695* and your monthly fee £543 = £1238/month)
50% share = £197,500 (Your 5% deposit would be £9,875; your monthly mortgage £869* and your monthly fee £453 = £1322/month)
60% share = £237,000 (Your 5% deposit would be £11,850; your monthly mortgage £1043* and your monthly fee £362 = £1405/month)

(2b) 30% share = £144,000 (Your 5% deposit would be £7200; your monthly mortgage £634* and your monthly fee £770 = £1404/month)
40% share = £192,000 (Your 5% deposit would be £9,600; your monthly mortgage £845* and your monthly fee £660 = £1505/month)
50% share = £240,000 (Your 5% deposit would be £12,000; your monthly mortgage £1056* and your monthly fee £550 = £1606/month)
60% share = £288,000 (Your 5% deposit would be £14,400; your monthly mortgage £1267* and your monthly fee £440 = £1707/month)

*Based on a mortgage rate of 3.75% and term of 30 years. Please note, rates and criteria vary. A management service charge is payable in addition to the above).

It really works, with hundreds of thousands of people across the country having 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.

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

Key Features
  • Great range of layouts and positions – go to www.buywithisha.co.uk for more info
  • Balconies to most apartments
  • Schroder kitchens with quartz worktops
  • Full range of integrated appliances
  • Engineered ‘Winter grey’ oak flooring throughout + carpet to master bedroom
  • Bagnodesign white sanitary ware with thermostatic showering
  • Downlighters & chrome-finish sockets throughout
  • Environmental air-source heat/hot water system
  • Underfloor heating, with heat recovery
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Map
Palmers Green (0.19 miles) Winchmore Hill (0.95 miles) Bowes Park (1.07 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.

£144,000
Shared Ownership New Build
Estimated Monthly Cost:£1,638
Rent £770
Service Charge £150
Mortgage £718

Share percentage 30%, full price £480,000, £7,200 Min Deposit. Calculated using a representative rate of 3.94%


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Development
Fox Lane
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.