1 bedroom apartment for sale
Old School Court, Drapers Road, N17 6LY
Share percentage 40%, full price £280,000, £5,600 Min Deposit.
Share percentage 40%, full price £280,000, £5,600 Min Deposit.
Monthly Cost: £1,252
Rent £400,
Service charge £214,
Mortgage £638*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Tottenham, London
Description
One bedroom duplex apartment now available in Tottenham through Shared Ownership. The property comprises of a large bedroom, built in storage space and bathroom with stairs leading up to the living area and an open-plan fitted kitchen.This could be ideal for a first time buyer or individuals working in Central London. The flat is on the ground floor of a converted school building (circa 1980); it has onsite allocated and a communal outdoor space both at the front and rear of the building.
Available for £112,000 for 40% share based on the marketing figure of £280,000.
Monthly rent - £400.44
Monthly Service Charge - £213.75
Total Monthly Charge - £614.19 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property is located just outside Tottenham's town centre,13 minutes away walking from both the railway station and underground station. Being close to the centre of London, this property is perfect for those commuting into the city. Tottenham is a well developed area with several shops, pubs and restaurants and many local
amenities nearby.Many schools of all levels can be found nearby. There are also plenty of large parks nearby with London's famous Hyde Park being a short tube journey front this property.
Energy rating band - C
Environmental impact band - C
Gross internal floor area: 56.9 m²
Living room & kitchen: 5.74 x 4.80 m
Bedroom 1: 4.39 x 3.56 m
Storage: 2.13 x 1.30 m
Years remaining on lease: 165
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
- Ground floor duplex apartment
- Allocated parking
- Communal garden space
- Great travel links to Central London
- 5% minimum deposit only
- Available for 40% 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 40%, full price £280,000, £5,600 Min Deposit. Calculated using a representative rate of 5.26%