Available

£107,500

Faraday House, 1 Velocity Way, Enfield, EN3 7FE
Share 50% / Full price £215,000 / Min deposit £10,750

Apartment
1 bedroom
1 bathroom

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Summary

A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This south-facing, one-bedroom flat is on the second floor and has a reception room with attractive flooring and a Juliette balcony. The kitchen is smart and open plan with a breakfast bar. There is a built-in wardrobe in the bedroom, a storage/utility cupboard in the entrance hallway and a simple yet stylish bathroom. Well insulated walls and modern double glazing make for a good energy-efficiency rating. Faraday House is part of a substantial development that features spacious grounds including a large communal garden. The flat comes with use of an allocated parking space plus Enfield Lock Station, for rail services out to Hertfordshire or in to Stratford or Liverpool Street, is only a short walk away.

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £215,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/mwrxeztk]

(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/01/2006).
Minimum Share: 50% (£107,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £188.22 per month (subject to annual review).
Service Charge: £218.80 per month (subject to annual review).
Guideline Minimum Income: Dual - £27,500 | Single - £31,700 (based on minimum share and 10% deposit).
Council Tax: Band B, Enfield London Borough Council. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets may be permitted but only with prior consent from Clarion (which, unfortunately, can only be obtained once you are the property owner).

Description

Property information & downloads

Key features

Material information

Key Information Document Floor plan Brochure
Local area information
Stations
Showing nearest stations
  • Enfield Lock Rail Station (0.5km)
  • Waltham Cross Rail Station (1.6km)
  • Turkey Street Rail Station (1.8km)
  • Brimsdown Rail Station (1.9km)
  • Theobalds Grove Rail Station (2.5km)
  • Southbury Rail Station (3.3km)
  • Ponders End Rail Station (3.4km)
  • Cheshunt Rail Station (3.5km)
  • Enfield Town Rail Station (4.5km)
  • Bush Hill Park Rail Station (4.7km)
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.
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Monthly cost calculator
£107,500 Shared Ownership Resale Full price £215,000
Estimated monthly cost £980
£

How is this calculated?

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