1 bedroom apartment for sale
Lewis House, 7 Melling Drive, EN1 4DN
Share percentage 45%, full price £245,000, £11,025 Min Deposit.
Share percentage 45%, full price £245,000, £11,025 Min Deposit
Monthly Cost: £1,133
Rent £433,
Service charge £143,
Mortgage £557*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £40,459 You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,025. Total approximate savings required £15,025
Important borough specific eligibility criteria
Enfield
All London applicants will be considered, with priority given to the applicants connected to Enfield.
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
1st Floor, 1 bedroom apartment in London borough of Enfield, available through Shared Ownership 45% share £110,250. Full Market Value £ 245,000
Description
SPECIFICATION
- Hallway with storage cupboards
- Bedroom 1 with built in wardobe
- Bathroom
- Open plan Lounge/Kitchen
- Balcony
GIA
51 SQM
Accessibility rating
F - General Access
EPC rating
B
Length of lease
116 years
Borough
Enfield
Key Features
The property is located in a modern residential development close to local amenities
and transport links.
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms: 1
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: Yes
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 45%, full price £245,000, £11,025 Min Deposit. Calculated using a representative rate of 4.59%
