Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Apartment
2 bedrooms
Not specified
1/25
Available
£207,500
Hornbeam Court, Laburnham Close, EN5 5FR
Share 50% / Full price £415,000 / Min deposit £20,750
Shared Ownership Resale
Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
Shared Ownership Resale
Shared Ownership Resale is an affordable homeownership scheme where you purchase a share of a property and pay discounted rent on the remainder to a housing provider. Over time, you have the option to buy more shares and, in most cases, can staircase to 100% ownership. Learn more about Shared Ownership
You may be eligible for this property if: You must be at least 18 years old. Your annual household income must be less than £90,000. You are unable to purchase a suitable home to meet your housing needs on the open market. You should generally be a first-time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply. Please note that applicants will be expected to purchase the maximum share that is sustainable for them.
Description
Property reference number: 1639147
This well-presented apartment at Hornbeam Court offers a bright and spacious living room that overlooks a charming communal green space, providing a peaceful and relaxing environment. The property is conveniently located with excellent transport links, including High Barnet Underground Station and New Barnet Railway Station, both within easy reach, offering quick connections into Central London. Additionally, the apartment comes with the added benefit of allocated parking, making it an ideal choice for those commuting or requiring private parking.
The area surrounding the property is rich in local amenities, including a wide variety of shops, restaurants, and cafes. The nearby Spires Shopping Centre offers an array of retail options, while Waitrose and Iceland provide convenient grocery shopping. With everything you need just a short walk away, this location combines convenience with a vibrant community atmosphere.
Closest stations: High Barnet Underground (0.6 miles), New Barnet (1.5 miles)
Bus routes nearby: 107, 236, 326, 307, 614, 383, 34
Key features:
- Communal garden
- Private balcony
- Secured bike storage
- Allocated parking
- Floor-to-ceiling windows
Financial information
Tenure: Leasehold
Remaining lease term: 110 years
Annual ground rent amount: £250
Ground rent review period: 25 years
Annual service charge amount: £2,909.04
Service charge review period: Annually
Council tax band: D
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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.
This calculator gives an estimate on the total monthly cost of mortgage, rent and service charge whenever applicable
£207,500
Shared Ownership Resale
Full price £415,000
Estimated monthly cost£1,762
Rent£490
Service charge£242
Mortgage£1,030
Calculated using a representative rate of 4.42%
Share
Deposit
£
How is this calculated?
How is this calculated?
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.
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Next steps
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