1 bed Flat For Sale £88,000
Washbourne Court, 14 Acton Close, London

Shared Ownership

This superb modern apartment is available to buy from as little as £88,000 with a 40% share!

The property comprises of a living room (currently divided into a dining area and separate reception area/additional bedroom) with a separate kitchen, bathroom and a double bedroom. There's wooden flooring in the main areas and double-glazed windows. There is no allocated parking but plenty of street parking in front.

Located close to Enfield, North London, the flat takes advantage of being close to the city and train stations while also having tranquil natural areas in the surroundings. Liverpool Street can be reached by train in 20 min from the railway station, while the Overground and other buses are also available nearby. There are also beautiful lakes of William Girling and King George's Reservoirs, along with several golf courses and parks. All local amenities are nearby, with large supermarkets, shops, restaurants and schools for all levels. The M25 motorway is also very convenient, being only 10 minutes away by car.

PRICING & AFFORDABILITY

Approximate Size 47 sq m

Full Market Value: £220,000

40% Share Price: £88,000 (rent £681pcm)
Minimum 5% Mortgage Deposit (% share): £4,400
Approximate Service Charges: £122pcm*
Shared Ownership Lease: approx. 907 years
Council Tax Band: B

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change.

* This home can also be purchased outright (100% of the value) which is £220,000 and a purchaser would not need to meet the eligibility criteria listed above.