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Electric Quarter

Shared ownership

High Street, London, EN3 4EY

For salenew home
Shared ownership
Photo of Electric Quarter
Live from space album cover
  • from

    £100,500

    2 bedroom

from

£100,500

with min. deposit

£5,025

isha

£100,500

2 bedroom flat

Availability

For sale

Minimum share

30%

Full market price

£335,000

Deposit from

£5,025

Monthly rent

£537

Monthly service charge

£150

Bedrooms

2

Bathrooms

2

Reception rooms

1

Furniture status

unfurnished

Number of floors

3

Entrance floor

2nd floor

Tenure

leasehold

Lease years

125

Property features

BalconyDouble Glazing

Overview

In the heart of up & coming Ponders End, Electric Quarter is ideally placed to make the most of the range of local amenities and excellent transport links. Located just off the High Street, it's close to an array of pubs, takeaways, a Tesco Extra/Costa and the green space of the Recreation Ground. Slightly further afield lies lovely Epping Forest and just under a mile away is Enfield Retail Park with its furniture and DIY stores, popular restaurant chains and cinema. Two overground stations are within walking distance (with the City accessible in under 20 minutes), the A10 is close by and the M25 is around 10 minutes away....all meaning …

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.

from

£100,500

with min. deposit

£5,025

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