2 bedroom apartment for sale
Spectrum House, Tysoe Avenue, EN3 6FE
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Share percentage 50%, full price £260,000, £6,500 Min Deposit.
Monthly Cost: £1,660
Rent £587,
Service charge £332,
Mortgage £741*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Enfield, London
Description
A spacious two-bedroom apartment in Enfeild is available for Shared Ownership. The property comprises a large lounge, a modern kitchen, two bedrooms, and a bathroom with a shower over a bathtub. The property also benefits parking.
Available for £130,000 for 50% share based on the marketing figure of £260,000.
Monthly rent - £587.40
Monthly Service Charge - £332.10
Total Monthly Charge - £919.50 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe flat is situated approx. 1.5 miles south of Waltham Cross and benefits from close proximity to the A10 and M25. There are 10 schools within 1 mile. The nearest train station is Enfield Lock (0.3 miles).
EPC ratingEnergy Rating Band - B
Environmental Impact Band - B
Years remaining on lease: 969
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two bedrooms
- Ground floor
- Allocated off street parking
- Short walk to Enfield Lock Station
- Close to local amenities
- 5% Deposit
- Available for 50% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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.
Share percentage 50%, full price £260,000, £6,500 Min Deposit. Calculated using a representative rate of 5.26%
