2 bedroom apartment for sale

Available

Otium House, 1a Fox Lane, N13 4ER

£120,000 · Shared Ownership New Build

Share percentage 25%, full price £480,000, £12,000 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
£120,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £480,000, £12,000 Min Deposit.

Monthly Cost: £1,622
Rent £825, Service charge £178, Mortgage £619*

Calculated using a representative rate of 4.80%

Calculate estimated monthly costs

£
Eligibility

Shared Ownership Scheme

You may be eligible for this property if:

  • Your income is £90,000 a year or less.
  • You are a first-time buyer, you used to own a home but can't afford to buy one now, or you are an existing owner looking to sell.
  • You are able to purchase a minimum share of 25% up to a maximum share of 75% (options to staircase to 100% ownership can be explored one year after completion)
  • You do not own any other property within the UK or abroad. (You will need to sell any existing property owned before buying through the shared ownership scheme.)
Summary

Welcome to Otium House! This brand-new development, located in the delightful Palmers Green neighbourhood, offers a limited number of one- and two-bedroom apartments under the Shared Ownership Scheme.

Description

Otium House, Fox Lane is an exciting new development located in Palmers Green. Crafted to suit a variety of lifestyles, these stunning homes bring a serene living space for first time home buyers.

Otium House is conveniently located just a short distance from Palmers Green Station, which is served by the Great Northern Rail. This development is situated within easy walking distance from local shops, cafes, restaurants, and parks.

Key Features
  • Brand new development
  • Great location
  • One- and two-bedroom apartments
  • High Specifications throughout
  • Close to amenities
Particulars

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

Property Downloads
Key Information Document
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 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.

£120,000
Shared Ownership New Build
Estimated Monthly Cost:£1,622
Rent £825
Service Charge £178
Mortgage £619

Share percentage 25%, full price £480,000, £12,000 Min Deposit. Calculated using a representative rate of 4.80%


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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.