Shared Ownership

This superb modern home is available to buy from as little as £115,000 with a 50% share!

Located on the fourth floor of this modern development in the heart of Waltham Cross is this spacious apartment. The accommodation provides a large double bedroom, modern tiled bathroom, and a bright and spacious living/dining room which is open plan with a well appointed kitchen. There is a private balcony and the lease will be extended upon completion. Please note there is no parking with this property.

Waltham Cross is just 12 miles north of central London. A lively commuter town with plenty to offer. Its compact, pedestrian-friendly centre is easy to explore on foot, featuring a mix of shops, pubs and restaurants that add to its charm. For those who enjoy green spaces, Waltham Cross doesn’t disappoint.

Public transport is readily available, with numerous bus routes in the immediate vicinity. Overground rail services are available at Theobalds Grove within 0.5 miles, with regular services into London Liverpool Street.

PRICING & AFFORDABILITY

Full Market Value: £230,000

50% Share Price: £115,000 (rent £302.90 pcm)
Minimum 5% Mortgage Deposit (50% share): £5,750
Approximate Service Charges: £163.21 pcm*
Shared Ownership Lease: approx. 973 years on completion
Council Tax Band: B

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 £80,000
• 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 £230,000 and a purchaser would not need to meet the eligibility criteria listed above.