2 bedroom flat for sale

Shared Ownership

This superb modern home is available to buy from as little as £88,500 with a 30% share!

Situated on the 7th floor of this modern complex and conveniently situated within walking distance of a host of amenities is this superbly presented home. The accommodation includes: lounge/diner with access through to a separate kitchen, two double bedrooms and a family bathroom.

Located just yards from Edmonton Green train station, offering trains to Liverpool Street and Seven Sisters in under 30 minutes and a short walk to the open spaces of Church Street Recreation Ground. Close at hand is Edmonton Green shopping centre known for its market, shopping facilities, restaurants and gymnasium. Silver Street station is also within walking distance and motorists have easy access to the A10 and A406 via the Great Cambridge Road with the M25 and Stanstead Airport both easily accessible via car. In addition to this the property is on the new ‘Superloop’ bus route, a major transport hub with direct central London access towards London Bridge. For cyclists there is a cycle shed adjacent to the train station and direct access to the C1 cycle route.

PRICING & AFFORDABILITY

Approximate Size: 699 sq ft

Full Market Value: £295,000

30% Share Price: £88,500 (rent £562.32pcm)
Minimum 5% Mortgage Deposit (30% share): £4,425
Approximate Service Charges: £259.26pcm*
Shared Ownership Lease: approx. 109 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.

* This home can also be purchased outright (100% of the value) which is £295,000 and a purchaser would not need to meet the eligibility criteria listed above.