2 bedroom house for sale
Mellish Close, Whetstone, London, N20 0FD
Share percentage 60%, full price £675,000, £40,500 Min Deposit.
Share percentage 60%, full price £675,000
Monthly Cost: £2,901
Rent £741, Service charge £42, Mortgage £2,118*
Calculated using a representative rate of 4.94%
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, especially one with such a high energy-efficiency rating. The double-fronted, mid-terrace property has a smart, naturally-lit cloakroom/WC and an attractive kitchen with integrated appliances. The full-length, dual-aspect reception/dining room features patio doors that open onto the rear garden. Upstairs, on the first floor, there is a stylish bathroom and two generously-sized bedrooms. The property comes with use of an allocated parking space and is also just a short walk from Totteridge & Whetstone Station, for access to the Northern Line and walkable distance to Oakleigh Road rail station. The nearby shops are a mix of local independents and familiar high-street names, including a Waitrose supermarket. Ofsted list five primary schools within a half-mile radius, all rated 'Good'.
SHARED OWNERSHIP (Advertised price represents 60% share. Full market value £675,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/4euaa83w]
(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 01/04/2021). Freehold transferred on 100% ownership.
Minimum Share: 60% (£405,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £741.45 per month (subject to annual review).
Service Charge: £41.83 per month (subject to annual review).
Guideline Minimum Income: Dual - £88,100 (minimum share, 30% deposit) | Single - £90,000 (minimum share, 40% deposit).
Council Tax: Band E, London Borough of Barnet. 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
- Guide Dual Income £88.1k 30% deposit £121.5k
- Guide Single Income £90k 40% deposit £162k
- Two Storey, Mid Terrace House
- Approx. 936 Sqft Gross Internal Area
- Kitchen plus Reception/Dining Room
- Two Generously-Sized Bedrooms
- Bathroom plus Downstairs WC
- Excellent Energy-Efficiency Rating
- Front and Rear Gardens
- Parking Space
Particulars
Tenure: Leasehold
Council Tax Band: E
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 60%, full price £675,000, £40,500 Min Deposit. Calculated using a representative rate of 4.94%
Calculate estimated monthly costs
