2 bedroom apartment for sale
Apricot Court, 32 Lily Way, N13 4EF
Share percentage 55%, full price £400,000, £22,000 Min Deposit.
Share percentage 55%, full price £400,000, £22,000 Min Deposit.
Monthly Cost: £1,875
Rent £552,
Service charge £212,
Mortgage £1,111*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £67,042. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £22,000. Total approximate savings required £26,000.
Important borough specific eligibility criteria
Enfield
All London applicants will be considered with priority given to people who live/work in the borough.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Two bedroom, Third Floor apartment available in Enfield through Shared Ownership, 55% share at £220,000. Full market price £400,000.
Description
Internally
Third Floor
Hallway, Reception/Kitchen
Two Bedrooms
Bathroom/WC
Externally
Large covered terrace balcony and allocated parking.
GIA
82 sqm
EPC rating
B
Length of lease
118 Years remaining
Borough
Enfield
Key Features
The apartment is spacious, well presented, and has a spacious exclusive balcony.
The property is located within an established residential area and forms a part of a modern development which has recently been completed. Local amenities, together with the various centres of London, are easily accessed.
Transport links
Bowes Park (0.39 miles)
Bounds Green (0.48 miles)
Palmers Green (0.54 miles)
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: Not specified
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 55%, full price £400,000, £22,000 Min Deposit. Calculated using a representative rate of 4.59%
