1 bedroom apartment for sale
Lordship Lane, Tottenham, London, N17 6RU
Share percentage 25%, full price £350,000, £8,750 Min Deposit.
Share percentage 25%, full price £350,000
Monthly Cost: £1,265
Rent £730, Service charge £69, Mortgage £466*
Calculated using a representative rate of 5.13%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One-Bedroom, Garden-Flat on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A rare chance to buy a one-bedroom, shared-ownership, garden-flat in London. The property forms the ground floor (minus shared entrance hall) of a Victorian end-of-terrace house. There is a bay window in the reception room, the bathroom is naturally lit and the kitchen/dining room features a Belfast-style sink, patio doors and a boiler installed in January of this year. A key selling point is the large, south-facing and very well-maintained rear garden - a real luxury in a bustling city. At the front of the house is a dropped kerb and a driveway demised to this flat. Bruce Castle Park, directly opposite, is the oldest public park in Tottenham and includes the Grade-I listed, 16th century manor house that gives the park its name, a Tudor tower, an oak believed to be around 500 years old plus tennis courts, the Pavilion Café, tree-line avenues and areas of lawn. Bruce Grove Station, for London Overground services in to Liverpool Street, is only a short walk away.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £350,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [https://tinyurl.com/mtcskxhs]
(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 01/04/2006).
Minimum Share: 25% (£87,500). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £730.15 per month (subject to annual review).
Service Charge: £69.31 per month (subject to annual review).
Guideline Minimum Income: Dual - £38,700 | Single - £44,900 (based on minimum share and 10% deposit).
Council Tax: Band B, London Borough of Haringey. 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 may be permitted but only with prior consent from Clarion (which, unfortunately, can only be obtained once you are the property owner). If you intend to use the driveway, we recommend you check, when you view the property, to make sure your vehicle will fit.
Key Features
- Guideline Minimum Deposit £8,750
- Guide Min Income Dual £38.7k | Single £44.9k
- Ground Floor
- Approx. 542 Sqft Gross Internal Area
- Double Glazing and Gas Central Heating
- Good-Sized Kitchen/Dining Room
- Large, South-Facing Rear Garden
- Driveway
- Opposite Bruce Castle Park
- Short Walk from Bruce Grove Station
Particulars
Tenure: Leasehold
Council Tax Band: B
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 25%, full price £350,000, £8,750 Min Deposit. Calculated using a representative rate of 5.13%
Calculate estimated monthly costs