2 bedroom apartment for sale
Southbury Road, EN3 4FB
Share percentage 75%, full price £300,000, £22,500 Min Deposit.
Share percentage 75%, full price £300,000, £22,500 Min Deposit.
Monthly Cost: £1,486
Rent £180,
Service charge £164,
Mortgage £1,142*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Purpose built second floor apartment
Description
SHARED OWNERSHIP
Full market value - £300,000
You pay (75%) - £225,000
Monthly Rent - £179.76
Monthly Service Charge - £163.51
Annual Ground Rent - £100
125 year lease commenced in July 2010 (111 years remaining)
EWS1 certification is not available for this property
This apartment comprises a large L-shaped dual aspect open plan living area with access to a private balcony. There are two double bedrooms, one with built in wardrobe. A family bathroom and large walk-in store complete the accommodation.
Within Easy Reach of all shops, Schools and amenities, bus routes & Southbury Train Station and Enfield Town Centre. Also within easy reach of A10 with access to the North Circular Road A406 and M25 Motorway. Close Ponders End High Street and Southbury BR Station (serving London Liverpool Street)
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £55,914. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered, please visit our website lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of March 2024.
Key Features
- Good location
- Close to transport links
- Two double bedrooms
- Allocated parking
Particulars
Tenure: Leasehold
Lease Length: 111 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 75%, full price £300,000, £22,500 Min Deposit. Calculated using a representative rate of 4.64%
