SHARED OWNERSHIP
Earlswood Court - First Floor
(Share Price (50%) - £162,500
Full Value Price £325,000
SHARED OWNERSHIP
Earlswood Court - First Floor
(Share Price (50%) - £162,500
Full Value Price £325,000
This 1-bedroom apartment with ensuite located in Earlswood Court located on first floor, situated in a four storey modern development built in 2015. The approximate size of the property is 52 sq. m. and the time remaining on the lease is 118 years.
There are good transport links with Stanmore Station 0.6 miles away and Edgware Station 0.8 miles away. Local buses serve the area and the night buses provide links to Central London locations. Within a 1.5 mile range you will find exquisite restaurants and bars filled with life and ambience. Three main supermarkets are within 0.8 miles from the property.
- Nearest station: Stanmore Station 0.6 miles away and Edgware Station 0.8 miles
- Bus routes nearby: 142 and 642
- Entrance: Hallway with two built-in cupboards and video entry phone system.
- Living room: Spacious lounge with lots of natural light with a patio door to balcony and a modern open plan kitchen. Wooden flooring.
- Kitchen: High-gloss grey wall units with white worktop and tiled backsplash. Integrated Zanussi appliances in very good condition. Wooden flooring.
- Bedroom one: Double bedroom. Woolmix carpeted flooring.
- Bathroom: Light grey suite comprising panelled bath with shower head, WC, hand washbasin with large mirror over and heated towel rail. Tiled flooring.
- Outside: Private balcony, allocated parking space, secure cycle storage and communal garden.
What happens after I register my interest?
After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Shared Ownership?
Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.
Financial information
- Tenure: Leasehold
- Remaining Lease Term: 118 Years
- Annual ground rent amount: N/A
- Ground rent review period: N/A
- Annual service charge amount: £2,782.44
- Service charge review period: 1st April annually
- Council tax band: Band D
Financials*
Full Value
£325,000
Share Price
£162,500
Share Value
50%
Monthly Cost
£1,551
Monthly Mortgage
£877
Monthly Rent
£442
Monthly Service Charge
£232
Minimum Household Income
£55,000
Maximum Household Income
£90,000
Deposit Required
£16,250
*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.
Location
Earlswood Court, 3 Lacey Drive, London, Barnet, HA8 8GA Open in Google Maps