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2 bedroom apartment for sale

Available

Lyell House, 101 Magnetic Crescent, Enfield, EN3 7GA

£101,500 Shared Ownership Resale

Share percentage 35%, full price £290,000, £10,150 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£101,500 Shared Ownership Resale

Share percentage 35%, full price £290,000

Monthly Cost: £1,036

Rent £405, Service charge £127, Mortgage £504*

Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
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Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This modern, two-bedroom property is on the ground floor and has a reception room with wood flooring and south-facing balcony. The attractive, semi-open-plan kitchen features cream-coloured units with pencil-mosaic splashbacks. There is a spacious main bedroom with fitted wardrobe plus a second double bedroom, a good-sized bathroom and a large hallway storage/utility cupboard. Well insulated walls, double glazing and gas central heating make for a good energy-efficiency rating. Lyell House and the adjoining buildings share a large communal courtyard and bike store and a gated car park that includes a space for this flat. The wider development also has a communal garden. Enfield Lock Station, for services into Liverpool Street, is only a short walk away.

SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £290,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/3u6knfcr]

(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 01/04/2011).
Minimum Share: 35% (£101,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £404.57 per month (subject to annual review).
Service Charge: £126.57 per month (subject to annual review).
Guideline Minimum Income: Dual - £32,200 | Single - £38,400 (based on minimum share and 10% deposit).
Council Tax: Band C, 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. Pets not permitted (except assistance animals).

Key Features
  • Guideline Minimum Deposit £10,150
  • Guide Min Income Dual £32.2k | Single £38.4k
  • Ground Floor
  • Approx. 671 Sqft Gross Internal Area
  • Modern Double Glazing and Gas Central Heating
  • Balcony
  • Secure Underground Parking Space
  • Short Walk from Enfield Lock Station
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Enfield Lock (0.29 miles) Waltham Cross (0.88 miles) Turkey Street (1.08 miles)
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Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£101,500
Shared Ownership Resale
Estimated Monthly Cost:£1,036
Rent £405
Service £127
Mortgage £504

Share percentage 35%, full price £290,000, £10,150 Min Deposit. Calculated using a representative rate of 4.42%

Calculate estimated monthly costs

£
Disclaimer
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.