1 bedroom apartment for sale

Available

Old School Court, Drapers Road, N17 6LY

£112,000 · Shared Ownership Resale

Share percentage 40%, full price £280,000, £5,600 Min Deposit.

Available
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£112,000 Shared Ownership Resale

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

Location

The 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.

EPC rating

Energy rating band - C
Environmental impact band - C

Layout and dimensions

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

Lease information

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 Plan
Map
Bruce Grove (0.25 miles) Seven Sisters (0.49 miles) Tottenham Hale (0.52 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.

£112,000
Shared Ownership Resale
Estimated Monthly Cost:£1,252
Rent £400
Service Charge £214
Mortgage £638

Share percentage 40%, full price £280,000, £5,600 Min Deposit. Calculated using a representative rate of 5.26%


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.