1 bedroom apartment for sale

Available

Hornbeam Court,, Laburnham Close, EN5 5FR

£141,750 · Shared Ownership Resale

Share percentage 45%, full price £315,000, £14,175 Min Deposit.

Available
1 bedroom
1 Bathroom
£141,750 Shared Ownership Resale · Eligibility Eligibility

Share percentage 45%, full price £315,000, £14,175 Min Deposit.

Monthly Cost: £1,113
Rent £332, Service charge £170, Mortgage £611*

Calculated using a representative rate of 3.09%

Calculate estimated monthly costs

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Eligibility
You may be eligible for this property if: -You must be at least 18 years old -Your annual household income must be less than £90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Summary

Barnet: One-bed (50m2), second floor apartment with balcony, secured underground parking and cycle storage, now available.

Description

Once you have registered your interest, you will receive an email to book your viewing.

Hornbeam Courtis a secondfloor, one-bedroom apartment withbalcony, situated in a fourstorey modern development built around 2010. The approximate size of the property is 50sq. m. and the time remaining on the lease is 113years.

There are good transport links with High Barnet Underground Station less than three minutes away.

A great selection of amenities are located within a 5 minute walk. A range of shops, fine bars and restaurants are located within close proximity of the property. For leisure, various parks and green spaces are located withinwalking distance.

  • Nearest Station: High Barnet Underground Station - 0.3 miles away

The property located on the secondfloor comprises:

  • Entrance: Hallway with two storage cupboards and video entry phone system.
  • Living Room: Spacious lounge with lots of natural light with a patio door to the balcony and views of the park. Woolmix carpeted flooring.
  • Kitchen: Creamunits with wood effect laminateworktop and stainless steel backsplash. Integrated appliances in excellent condition. Linoleum flooring.
  • Bedroom One: Double bedroom with fitted wardrobe. Woolmix carpeted flooring.
  • Bathroom: Whitesuite comprising panelled bath with shower head, WC, hand washbasin with large mirror over.Linoleum flooring.
  • Outside: Private balcony with access via lounge, secure underground parking area,cycle storage, communal garden and playground.

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact peabody.resales@peabody.org.uk and our team will be able to help you.

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.

Financial information

  • Tenure:Leasehold
  • Remaining Lease Term: 113 Years
  • Annual ground rent amount: £250 after final staircasing
  • Ground rent review period: 1st April annually
  • Annual service charge amount: £2,044.44
  • Service charge review period: 1st April annually
  • Council tax band: Band C
Key Features
  • Available through Shared Ownership
  • Beautifully presented
  • Great transport links
  • Underground parking
  • Private balcony
Map
High Barnet (0.21 miles) New Barnet (1.11 miles) Hadley Wood (1.33 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.

£141,750
Shared Ownership Resale
Estimated Monthly Cost:£1,113
Rent £332
Service Charge £170
Mortgage £611

Share percentage 45%, full price £315,000, £14,175 Min Deposit. Calculated using a representative rate of 3.09%


Development
Resales
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.