2 bedroom apartment for sale
St. Francis Lodge, Church Road, N17 8AQ
Share percentage 75%, full price £290,000, £10,875 Min Deposit.
Share percentage 75%, full price £290,000, £10,875 Min Deposit.
Monthly Cost: £1,650
Rent £221,
Service charge £217,
Mortgage £1,212*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Tottenham, London
Description
Traditional, bright & spacious two-bedroom apartment now available in Tottenham, North London, through Shared Ownership.
The property comprises a living room, a separate kitchen, and two large bedrooms (one is used as a second living room in the photos) and a bike storage area. This could be ideal for a small family or a couple.
The advertised lease length is subject to a simultaneous lease extension upon completion at no cost to the buyer.
Available for £217,500 for 75% share based on the marketing figure of £290,000.
Monthly rent - £221.02
Monthly Service Charge - £217.15
Total Monthly Charge - £438.17 plus mortgage required for 75% share.
An annual rent increase takes place every April
LocationThe property is in a lively area of Tottenham, just around the corner from the high street and a short walk from the overground station, whilst some railway stations are a little farther out.
London Zone 1 or 2 can be reached in roughly half an hour.
All amenities are nearby, with pubs, restaurants and shops in Tottenham.
There are also several schools in the area, many of which are within walking distance.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 973
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
- Separate kitchen
- Great transport links
- Close to overground
- Available for 75% 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 75%, full price £290,000, £10,875 Min Deposit. Calculated using a representative rate of 5.03%
