Share Price £300,000 (from 75% Min. Share)

Full Value £400,000 | £30,000 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Barnet

place Rochester Court, 2 Montague Close, EN5 5RZ

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First floor, 2 bedroom home in the London borough of Barnet for £300,000 (75% share price of £400,000 full market price), available through Shared Ownership.


Eligibility

You will need to be earning a guidance income of £68,898. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £30,000. Total approximate savings required £34,000.

Important borough specific eligibility criteria

Barnet
All London applicants will be considered with priority given to people who live/work in the borough.

Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.


Description

Ground Floor

Communal entrance hall and staircase

First Floor

Hallway, reception, kitchen, two bedrooms and bathroom with W.C.

External

One allocated car space

GIA

80 sqm

EPC rating

B

Length of lease

112Years Remaining

Borough

Barnet


Key Features

Key Features

  • Close to underground station
  • The Spires Shopping Centre
  • Plenty of Green spaces


Local Transport

  • High Barnet Underground Station – 0.3m
  • New Barnet Station – 1.1m

Download Documents

Link to the floor plan

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 300,000
Min. £300,000
Share percentage
Min. 75%
Your deposit
Min. £30,000
Monthly cost*
£1,687
Cost breakdown
£292
Rent
£102
Service charge
£1,293
Mortgage*
Calculated using a representative rate of 3.09%
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.