1 bedroom apartment for sale

Available

Earlswood Court, 3 Lacey Drive, HA8 8GA

£160,000 · Shared Ownership Resale

Share percentage 50%, full price £320,000, £16,000 Min Deposit.

Available
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£160,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £320,000, £16,000 Min Deposit.

Monthly Cost: £1,486
Rent £442, Service charge £232, Mortgage £812*

Calculated using a representative rate of 4.64%

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

One-bed (52m2), first floor apartment with balcony and parking, now available in Barnet.

Description
Viewings now available | Register your interest today to book a viewing!

This 1-bedroom apartment with ensuite located in Earlswood Court located on first floor, situated in a four storey modern development built in 2015. The approximate size of the property is 52 sq. m. and the time remaining on the lease is 118 years.

There are good transport links with Stanmore Station 0.6 miles away and Edgware Station 0.8 miles away. Local buses serve the area and the night buses provide links to Central London locations. Within a 1.5 mile range you will find exquisite restaurants and bars filled with life and ambience. Three main supermarkets are within 0.8 miles from the property.
  • Nearest station: Stanmore Station 0.6 miles away and Edgware Station 0.8 miles
  • Bus routes nearby: 142 and 642
The property located on the first floor comprises:
  • Entrance: Hallway with two built-in cupboards and video entry phone system.
  • Living room: Spacious lounge with lots of natural light with a patio door to balcony and a modern open plan kitchen. Wooden flooring.
  • Kitchen: High-gloss grey wall units with white worktop and tiled backsplash. Integrated Zanussi appliances in very good condition. Wooden flooring.
  • Bedroom one: Double bedroom. Woolmix carpeted flooring.
  • Bathroom: Light grey suite comprising panelled bath with shower head, WC, hand washbasin with large mirror over and heated towel rail. Tiled flooring.
  • Outside: Private balcony, allocated parking space, secure cycle storage and communal garden.

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 href="mailto:enquiries@peabodynewhomes.co.uk" style="color:#0563c1; text-decoration:underline">enquiries@peabodynewhomes.co.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: 118 Years
  • Annual ground rent amount: N/A
  • Ground rent review period: N/A
  • Annual service charge amount: £2,782.44
  • Service charge review period: 1st April annually
  • Council tax band: Band D
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D

Property Downloads
Floor Plan
Map
Stanmore (0.55 miles) Edgware (0.78 miles) Canons Park (0.89 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 and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

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

£160,000
Shared Ownership Resale
Estimated Monthly Cost:£1,486
Rent £442
Service Charge £232
Mortgage £812

Share percentage 50%, full price £320,000, £16,000 Min Deposit. Calculated using a representative rate of 4.64%


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.