Shared Ownership in London. 1 bedroom Flat.

  • £300,000

    Equity share: 35% / £105,000

United Kingdom, London, Curie Lodge
For Sale Shared Ownership

Shared Ownership in London. 1 bedroom Flat.

United Kingdom, London, Curie Lodge
  • £300,000

    Equity share: 35% / £105,000

Property Overview

  • Flat
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom

Property Description

Shared Ownership

This superb modern home is available to buy from as little as £105,000 with a 35% share!

A bright and airy ground floor apartment with allocated off-street parking. This well presented home provides well planned accommodation and benefits from character features. The living/dining room is open plan with a well fitted kitchen, there is a fully tiled bathroom and a large double bedroom with built in cupboards.

This property is situated in Enfield and is within easy access of both Grange Park and Winchmore Hill train stations. There are many local amenities nearby. Enfield is a vibrant London suburb offering a perfect blend of urban convenience and suburban charm

PRICING & AFFORDABILITY

Full Market Value: £300,000

35% Share Price: £105,000 (rent £623.95pcm)
Minimum 5% Mortgage Deposit (35% share): £5,250
Approximate Service Charges: £185.78pcm*
Shared Ownership Lease: approx. 125 years
Council Tax Band: C

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £300,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property Address

Open on Google Maps
  • Address United Kingdom, London, Curie Lodge
  • City London
  • County London
  • Postal Code N21 1TQ

Details

Updated on July 9, 2024 at 10:59 am
  • Property ID: MS-127986
  • Rental Amount Per Month: £624/Month
  • Bedroom: 1
  • Bathroom: 1
  • Property Type: Flat
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 185.78
  • Value Of The Equity Share: 35% / £105,000
  • Overall Property Value: £300,000
  • Tenure: Leasehold
  • Council Tax Band: C
  • Length of Lease: 125

Contact SOWN about: Shared Ownership in London. 1 bedroom Flat.

Please note that MovingSoon will send the above personal details to SOWN so they can respond to your enquiry. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and understand how we store cookies on your device.

Similar Listings

Similar Listings

Compare listings

Compare
SOWN
  • SOWN