1 bedroom apartment for sale
Methven Court, 1 The Broadway, N9 0TP
Share percentage 25%, full price £225,000, £2,813 Min Deposit.
Share percentage 25%, full price £225,000, £2,813 Min Deposit.
Monthly Cost: £1,060
Rent £512,
Service charge £235,
Mortgage £313*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Edmonton, London
Description
Incredibly spacious and modern one-bedroom apartment now available in Edmonton, north London, through Shared Ownership.
The property comprises a wide living room, an open-plan fitted kitchen and a large bedroom, with plenty of storage rooms. This could be ideal for a couple or a single person.
The flat is on the fifth floor, with a lift available, and was constructed circa 2007. There's a controlled parking zone, so car space is available.
Available for £56,250 for 25% share based on the marketing figure of £225,000.
Monthly rent - £512.14
Monthly Service Charge - £234.54
Total Monthly Charge - £746.68 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationMethven Court is in the heart of Edmonton, with the railway and overground station just minutes away, and a shopping centre just next door.
All amenities are well within walking distance, with shops, restaurants, large supermarkets, and a hospital nearby.
Road travel is also relatively convenient, thanks to the A10 nearby and the M25 motorway only 20 minutes away.
Plenty of natural green areas nearby, such as the William Girling Reservoir or Pymmes Park.
EPC ratingEnergy rating band - C
Environmental impact band - C
Years remaining on lease: 108
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
- One-bedroom apartment
- Fifth floor
- Parking available
- Great transport links
- Available for 25% 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 25%, full price £225,000, £2,813 Min Deposit. Calculated using a representative rate of 5.03%
