2 bedroom apartment for sale
7 Melling Drive, Enfield, EN1 4DJ
Share percentage 40%, full price £330,000, £13,200 Min Deposit.
Share percentage 40%, full price £330,000, £13,200 Min Deposit.
Monthly Cost: £1,450
Rent £600,
Service charge £180,
Mortgage £670*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £ 50.074 You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £ 13,200. Total approximate savings required £ 17,200
Important borough specific eligibility criteria
- Enfield
All London applicants will be considered, with priority given to the applicants connected to Enfield.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Two bed, ground floor apartment available through shared ownership 40% share £ 132,000 Full Market Value £ 330,000
Description
ACCOMMODATION
Ground Floor: Living Room, Kitchen, W
First Floor: Bathroom, 2 Bedrooms,
GIA
76 Square metres
EPC rating
B
Length of lease
90 Years
EPC
B
Key Features
The property benefits from communal gardens,and a private terrace to the front
The property is located in a modern residential development close to local amenities
and transport links.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Energy CertificateMap
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 £330,000, £13,200 Min Deposit. Calculated using a representative rate of 4.64%
