1 bedroom apartment for sale
Mountbatten House, 30 Scotland Green Road, Enfield, EN3 4RY
Share percentage 50%, full price £210,000, £10,500 Min Deposit.
Share percentage 50%, full price £210,000, £10,500 Min Deposit.
Monthly Cost: £802
Rent £189,
Service charge £83,
Mortgage £530*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This one-bedroom flat is just a short walk from Ponders End Railway Station, which provides access to Greater Anglia services between Hertford East and Liverpool Street. The property is on the first floor of a four-storey block and offers well-proportioned accommodation but would benefit from some modernisation. The reception room features an east-facing bay window and an archway that leads through to a good-sized and naturally-lit kitchen. There is a spacious bedroom, a good-sized bathroom and a pair of storage/utility cupboards in the entrance hallway. To the rear of the building is a pleasant area of communal lawn and a car park which includes a space allocated to this flat. A gate leads from the development into Ponders End Park, there is a Tesco Extra within comfortable walking distance and Southbury Station (London Overground) offers an alternative public transport option.
SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £210,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/y98afdra]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (new 125 year lease from completion of sale).
Minimum Share: 50% (£105,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £188.61 per month (subject to annual review).
Service Charge: £83.07 per month (subject to annual review).
Guideline Minimum Income: Dual - £23,500 | Single - £28,900 (based on minimum share and 10% deposit).
Council Tax: Band B, London Borough of Enfield. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £10,500
- Guide Min Income Dual £23.5k | Single £28.9k
- First Floor
- Approx. 476 Sqft Gross Internal Area
- Reception Room with Bay Window
- Good-Sized, Naturally-Lit Kitchen
- Allocated Parking Space
- Short Walk from Ponders End Station
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan BrochureMap
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 50%, full price £210,000, £10,500 Min Deposit. Calculated using a representative rate of 4.59%