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2 bedroom apartment for sale

Shared ownership

Watermill Lane, Enfield, N18 1FF

For sale
Shared ownership
Photo of 2 bedroom apartment for sale
Live from space album cover

from

£105,000

with min. deposit

£5,250

30% Share from
£105,000
Full market price
£350,000
Minimum deposit
£5,250
Monthly rent
£466
Monthly service charge
£161

2 bedroom flat

A contemporary, spacious ground floor 2 bedroom apartment forming part of this conveniently located development, situated close to the A406 North Circular Road and A10 Great Cambridge Road, with North Middlesex University Hospital nearby, along with a number of local bus routes, shops, cafes, restaurants and amenities. Silver Street Overground Railway Station is within easy walking distance, giving speedy access to Central London.

Ground Floor Apartment * Generous Lounge * Two Double Bedroom * Modern Open Plan Kitchen * Stylish Bathroom/WC * Guest Cloakroom * EnviroVent Compakt Mechanical Ventilation with Heat Recovery (MVHR) System * Secure …

Features

Off street parking

Bedrooms2
Bathrooms2
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£105,000

with min. deposit

£5,250

30% Share from
£105,000
Full market price
£350,000
Minimum deposit
£5,250
Monthly rent
£466
Monthly service charge
£161
Origin Housing

Origin Housing

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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