2 bedroom apartment for sale
Methven Court, The Broadway, N9 0TP
Share percentage 30%, full price £295,000, £4,425 Min Deposit.
Share percentage 30%, full price £295,000, £4,425 Min Deposit.
Monthly Cost: £1,224
Rent £514,
Service charge £217,
Mortgage £493*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in London, Greater London
Description
A modern, bright, spacious two-bedroom apartment is now available in Edmonton, London (Zone 4), through shared ownership.
The property benefits from a beautiful vista overlooking southeast London and comprises a well-presented living room, aseparate fitted kitchen, and two bedrooms. This could be ideal for a small family or couple.
The flat is on the seventh floor of a relatively modern construction (circa 2006). It isalso in an area of the building that only contains three other properties, but shares only one wall with a neighbour.
Available for £88,500 for 30% share based on the marketing figure of £295,000.
Monthly rent - £514.20
Monthly Service Charge - £217.37
Total Monthly Charge - £731.57 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe property is located in Edmonton Green's town centre, with the overground and railway station being just a stone's throw away from the flat. The train can reach Central London in circa half an hour.
The area is indeed a transport hub, with a large bus terminal with a variety of connections.
The M25 is also about 5 miles away, making road travel also convenient.
All local amenities are nearby, including two large chains of supermarkets, restaurants, shops and pubs, all within walking distance. Many schools of all levels can also be found nearby, with some within walking distance.
EPC ratingEnergy rating band - C
Environmental impact band - C
Kitchen: 2.64 x 2.62 m Bedroom 1: 4.78 x 3.00 m Bedroom 2: 4.85 x 2.24 mLease information
Years remaining on lease: 109
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.
Key Features
- Two-bedroom apartment
- Near the train station
- Central London in half an hour
- Available for 30% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 30%, full price £295,000, £4,425 Min Deposit. Calculated using a representative rate of 5.03%
