SHARED OWNERSHIP
Hornbeam Court - Second Floor
(Share Price (45%) - £139,500
Full Value Price £310,000
SHARED OWNERSHIP
Hornbeam Court - Second Floor
(Share Price (45%) - £139,500
Full Value Price £310,000
- Nearest Station: High Barnet Underground Station - 0.3 miles away
- Entrance: Hallway with two storage cupboards and video entry phone system.
- Living Room: Spacious lounge with lots of natural light with a patio door to the balcony and views of the park. Woolmix carpeted flooring.
- Kitchen: Cream units with wood effect laminate worktop and stainless steel backsplash. Integrated appliances in excellent condition. Linoleum flooring.
- Bedroom One: Double bedroom with fitted wardrobe. Woolmix carpeted flooring.
- Bathroom: White suite comprising panelled bath with shower head, WC, hand washbasin with large mirror over. Linoleum flooring.
- Outside: Private balcony with access via lounge, secure underground parking area, cycle storage, communal garden and playground.
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: 112 Years
- Annual ground rent amount: N/A
- Ground rent review period: N/A
- Annual service charge amount: £2,629.20
- Service charge review period: 1st April annually
- Council tax band: C
Financials*
Full Value
£310,000
Share Price
£139,500
Share Value
45%
Monthly Cost
£1,318
Monthly Mortgage
£724
Monthly Rent
£375
Monthly Service Charge
£219
Minimum Household Income
£44,500
Maximum Household Income
£90,000
Deposit Required
£13,950
*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
Hornbeam Court, Laburnham Close, London, Barnet, EN5 5FR Open in Google Maps