2 bedroom house for sale
Magnetic Crescent, Enfield, London, EN3 7FH
Share percentage 30%, full price £438,000, £13,140 Min Deposit.
Share percentage 30%, full price £438,000
Monthly Cost: £1,280
Rent £548, Service charge £80, Mortgage £652*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom House on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A rare chance to buy a shared-ownership house in London. This smartly-presented property is part of a substantial development just a short walk from Enfield Lock Station. There is an attractive kitchen at the front and a reception/dining room, with wood flooring, at the rear. A sliding glass door opens onto the neatly-maintained, south-facing garden. On the first floor of the house is a main bedroom with fitted, mirror-fronted wardrobe and en-suite shower room plus a similar-sized second double bedroom and a simple yet stylish bathroom. There is a fully boarded loft for storage. The wall and roof are well insulated, the windows are modern, double-glazed units throughout and heating is provided by a combination of ground-source heat-pump, solar water heating and photovoltaics. Behind the terrace, and easily accessible via the garden gate, is a parking area which includes a space allocated to this property.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £438,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/vvbwrs3j]
(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 (125 years from 01/04/2008). Freehold transferred on 100% ownership.
Minimum Share: 30% (£131,400). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £547.94 per month (subject to annual review).
Service Charge: £79.77 per month (subject to annual review).
Guideline Minimum Income: Dual - £44,000 | Single - £50,300 (based on minimum share and 10% deposit).
Council Tax: Band D, 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.
Key Features
- Guideline Minimum Deposit £13,140
- Guide Min Income Dual £44k | Single £50.3k
- Two Storey, Two Bedroom, End of Terrace House
- Approx. 734 Sqft Gross Internal Area
- Bathroom plus En-Suite Shower Room
- South Facing Rear Garden
- Allocated Space in Gated Car Park
- Short Walk from Enfield Lock Station
Particulars
Tenure: Leasehold
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureThe ‘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 costs for the property as a whole and communal areas
- Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.
NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.
Share percentage 30%, full price £438,000, £13,140 Min Deposit. Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
