2 bedroom apartment for sale
Regan Lodge, Pennington Lodge, N21 1TP
Share percentage 50%, full price £350,000, £8,750 Min Deposit.
Share percentage 50%, full price £350,000, £8,750 Min Deposit.
Monthly Cost: £1,504
Rent £419,
Service charge £110,
Mortgage £975*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Winchmore Hill, London
Description
Ground floor apartment set within the ever-popular Highlands Village development forming part of one of the older buildings. Well presented, spacious two-bedroom apartment with bathroom, hallway, lounge and kitchen. The property further boasts secure entry phone system,communal gardens, private parking space, guest parking and plenty of parking on the road. An ideal first-time home.
- Minimum income requirement - £55,869
- Income requirement reduces if a higher deposit is available
- Buy more shares for a minimum of 10%
Minimum income required: £61,806
This is reduced if a larger deposit is available.
More shares can be purchased, from a minimum of 5%.
Available for £175,000 for 50% share based on the marketing figure of £350,000.
Monthly rent - £418.50
Monthly Service Charge - £110.37
Total Monthly Charge - £528.87 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationWell located for primary and secondary schools including Eversley Primary and Highlands Secondary schools, both rated outstanding by Ofsted. There is a Sainsbury's supermarket within the development along with a village hall, GP surgery, nursery and pharmacy. Close to Winchmore Hill The Green for independent shops, cafés, pubs and restaurants as well as Enfield Town Shopping Centre. Within close distance to Trent Park Country Park, Golf Course, Country Club and Equestrian Centre, Southgate Leisure Centre, Enfield Golf Club and Old Grammarians Rugby club. Nearest hospital is Enfield Chase. Excellent transport links, only a short walk from Grange Park station and close to W9 and 125 bus stops taking you to Southgate Underground or mainline train stations with direct links to Moorgate and Kings Cross.
EPC ratingEnergy Rating Band - D
Environmental Impact Band - C
Years remaining on lease: 77
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationAll room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
- Two bedroom apartment
- Ground floor
- Good travel links
- Allocated parking
- Good local amenities
- Available for 50% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 50%, full price £350,000, £8,750 Min Deposit. Calculated using a representative rate of 5.03%
