Share percentage 25%, full price £352,500, £4,406 Min Deposit.
Monthly Cost: £1,274
Rent £606,
Service charge £177,
Mortgage £491*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- 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.
Summary
Wonderful 1-bedroom apartment in the Meridian One development. The price advertised represents purchasing a 25% share of the home.
Description
Wonderful 1-bedroom apartment in the Meridian One development. The price advertised represents purchasing a 25% share of the home.
About the Development
A thriving new neighbourhood in Enfield, N18.Sage Homes are proud to introduce a brand-new collection of 1, 2 & 3-bedroom apartments in vibrant North London.
· Selection of , 2 & 3-bedroom apartments
· Fantastic location and superb travel links
· Homes built by 5* Builder
Now Selling! Register your interest TODAY and be kept up to date with all the latest news
Presenting this collection of brand-new apartments at the popular Meridian One development. Brought to you by Vistry Ventures in partnership with Enfield Council, Meridian One boasts a selection of 1, 2 & 3-bedroom apartments located in the London Borough of Enfield.
Meridian One shows off as North London’s newest and most upcoming place to live. World-class public spaces, dynamic places to work, not to mention a wealth of nature – convenient access to the edge of Lee Valley Regional Park as well as on-site skate park, community garden and playground!
About the Area
Popular leisure attractions, shopping facilities, and country parks are within a close reach of the development. Edmonton Green shopping centre is just 1.5 miles away, only a 6 minute drive. A mix of high street stores and independently run amenities are easily accessible here.
Meridian Water train station is a 10-minute walk from the development and services the Lea Valley Line. Meridian Water provides commuters with direct access south towards Stratford and London Liverpool Street. To the north, the station connects to Stansted and Cambridge.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- 1 bedroom 4th floor apartment
- Flooring throughout
- Modern fitted kitchen
- Open plan living
- Integrated appliances
- Underfloor heating
- 3 piece bathroom with shower over bath
- There will be an added service charge
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 25%, full price £352,500, £4,406 Min Deposit. Calculated using a representative rate of 5.03%
