2 bedroom apartment for sale
Cornflower Court, EN4 8FL
Share percentage 25%, full price £460,000, £11,500 Min Deposit.
Share percentage 25%, full price £460,000, £11,500 Min Deposit.
Monthly Cost: £2,027
Rent £1,098,
Service charge £345,
Mortgage £584*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Private Balcony - Energy Efficient - Within Building Warranty
Description
Shared Ownership
Full Market Value: £460,000
Share Value (25%): £115,000
Monthly Rent: £1097.57
Service Charge: £345.24
Annual Ground Rent: £100.00
Council Tax Band: E
125 year lease commenced September 2015 - 116 years remaining
EWS1 -There is an EWS1 certification available and this is a B1 rating.
L&Q welcomes you to view this two bedroom, first floor apartment.
Thisbright andspacious apartment consistsof astylishopen-plan kitchen and living area, flooded with natural light from wide floor-length windows leading onto a private balcony. The kitchen is fitted with taupe gloss wall and base units, with under-cupboard lighting, and a light wood effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Bright and airy main double bedroom benefitting from en-suitewith showerand built-in sliding wardrobe. Spacious second double bedroom with floor-length window. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Additional double storage cupboards in hallway.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Cornflower Court, on the Bolingbroke Park development, is situated minutes away from Cockfosters vibrant high street that has a great selection of top restaurants and bars, and Cockfosters Tube station is close to hand. Unfortunately there is no allocated parking for this property. Trent Country Park's meadows, brooks, lakes and ancient woodlands are nearby as well as Monken Hadley Common, home to some unusual sculptures and links into the 10 mile Pymmes Brook Trail walk.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £75,032. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of April 2024.
Key Features
- Private balcony
- Good EPC rating - B
- Within building warranty
- Ensuite to master bedroom
- Approx 0.7 miles to Cockfosters Underground Station and 0.9 miles to Oakwood Underground Station
- Communal heating
- Storage in hallway
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: E
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
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 25%, full price £460,000, £11,500 Min Deposit. Calculated using a representative rate of 4.64%
