2 bedroom apartment for sale
Coral Court, Telford Road, N11 2RA
Share percentage 40%, full price £435,000, £17,400 Min Deposit.
Share percentage 40%, full price £435,000, £17,400 Min Deposit.
Monthly Cost: £1,873
Rent £794,
Service charge £201,
Mortgage £878*
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 £67,753. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £17,400. Total approximate savings required £21,400.
Important borough specific eligibility criteria
All London applicants will be considered, with priority given to Enfield applicants.
Applicants must be earning under £90,000 to be eligible.
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 Apartment In London Borough of Enfield Available Through Shared Ownership - 40% Share £174,000 - Full Market Value £435,000
Description
Ground Floor:
Communal Entrance
Fifth Floor:
Kitchen
Lounge and dining room (leading to Balcony)
2 Bedrooms
Bathroom with WC
External:
Allocated off street parking
Private Terrace/Balcony
GIA (Gross Internal Area):
75 sqm
Length of Lease:
118 years remaining
Borough:
Enfield
Key Features
- Gas Central heating
- Good transport links
- Parking
Local Transport:
Arnos Grove Station (0.4 miles)
New Southgate Station (0.9 miles)
Palmers Green Station (1.0 miles)
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: C
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 40%, full price £435,000, £17,400 Min Deposit. Calculated using a representative rate of 4.59%
