3 bedroom house for sale
Cromer Road, Barnet, EN5 5HT
Share percentage 40%, full price £500,000, £10,000 Min Deposit.
Share percentage 40%, full price £500,000, £10,000 Min Deposit.
Monthly Cost: £1,781
Rent £597,
Service charge £44,
Mortgage £1,140*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 3 bed shared ownership property available in Barnet, London
Description
This spacious three-bedroom house is now available in Barnet through Shared Ownership.
The property comprises a spacious living room, a separate kitchen, four bedrooms, two bathrooms, a garden, and one off-street parking space. This is ideal for small and large families.
Available for £200,000 for 40% share based on the marketing figure of £500,000.
Monthly rent - £596.98
Monthly Service Charge - £44.19
Total Monthly Charge - £641.17 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThis property is located in an established residential area with reasonable access to amenities.
There are multiple schools,at different educational levels, all near the property. Making Barnet a perfect place for families to raise small children.
The property has many modes of transport close by. One can be in central London (Kings Cross) from High Barnet station in 30 minutes, which is perfect for commuters.
EPC ratingEnergy rating band - D
Environmental impact band - D
Gross internal floor area: 113 m²
Reception room: 5.31 x 5.05 m
Kitchen: 5.03 x 2.24 m
Bedroom 1: 3.51 x 3.02 m
Bedroom 2: 3.33 x 3.02 m
Bedroom 3: 2.41 x 2.39 m
Sitting room: 3.10 x 2.24 m
Years remaining on lease: 99
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.
Other informationThe advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.
Key Features
- Three-bedroom house
- Two living rooms and bathrooms
- Off street parking
- Spacious back garden
- Reasonable access to amenities
- Good travel Links
- Available for 40% share
- 5% minimum deposit only
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 40%, full price £500,000, £10,000 Min Deposit. Calculated using a representative rate of 5.26%
