2 bedroom apartment for sale
Poppy Drive, EN3 4FF
Share percentage 65%, full price £300,000, £19,500 Min Deposit.
Share percentage 65%, full price £300,000, £19,500 Min Deposit
Monthly Cost: £1,413
Rent £266,
Service charge £163,
Mortgage £984*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Good location, two double bedrooms, allocated parking.
Description
SHARED OWNERSHIP
Full market value - £300,000
You pay (65%) - £195,000
Monthly Rent - £266.27
Monthly Service Charge - £162.74
Annual Ground Rent - £100
125 year lease commenced in July 2010 (110 years remaining)
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
This beautifully presented apartment comprises a large dual aspect open plan living area, incorporating a modern kitchen with high gloss units and integrated appliances, which gives access to a large west facing private terrace. There are two double bedrooms, each with built in wardrobes. A contemporary family bathroom and walk-in store complete the accommodation.
This apartment is 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 £53,412 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 April 2025.
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
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 65%, full price £300,000, £19,500 Min Deposit. Calculated using a representative rate of 4.59%
