2 bedroom apartment for sale
Whitakers Lodge, Gather Drive, EN2 0JP
Share percentage 50%, full price £400,000, £10,000 Min Deposit.
Share percentage 50%, full price £400,000, £10,000 Min Deposit.
Monthly Cost: £1,933
Rent £681,
Service charge £138,
Mortgage £1,114*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Enfield, London
Description
Spacious traditional two-bedroom apartment now available in Enfield through Shared Ownership.
The property is on the top floor and comprises a wide living room and a fitted kitchen, an ensuite bedroom and another smaller bedroom available. This could be ideal for a couple or a small family.
Allocated off street parking available.
Available for £200,000 for 50% share based on the marketing figure of £400,000.
Monthly rent - £680.95
Monthly Service Charge - £138.04
Total Monthly Charge - £818.99 plus mortgage required for 50% share.
An annual rent increase takes place every April
LocationThe property is located just outside the high street of Chase Side and about 10 minutes away walking from the railway station. You can reach Central London in less than an hour.
There's also an overground station not too far away, which can also be reached by a local bus that gets off from near the flat.
The close M25 motorway, also about 10 minutes away, makes road travel convenient.
There is an NHS hospital right around the corner, with specialized clinics.
Several schools are present in the area, some of which are within walking distance, as well as green areas such as Hilly Fields Park.
EPC ratingEnergy rating band - F
Environmental impact band - F
Years remaining on lease: 161
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
- Ensuite bedroom
- Top floor (third)
- Allocated parking
- Available for 50% 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 50%, full price £400,000, £10,000 Min Deposit. Calculated using a representative rate of 5.03%
