1 bed flat for sale

20 Watermill Lane, Edmonton N18

If you are unable to buy a property outright on the open market, then Shared Ownership could be the ideal solution for you. It is a part-buy, part-rent scheme, which enables purchasers to buy an initial share of usually between 25% and 75% the value of the property and pay a subsidised rent on the remainder. A service charge may also be payable to cover the cost of communal maintenance. Shared Ownership properties are designed as a stepping stone to completely owning your own home, allowing you to buy as much as you can afford when you can afford it.

A resale is a Shared Ownership property that the current owner bought new from us or as a resale. Buying a resale property makes you an owner-occupier because you are buying at least the current owner's share on the existing lease. The great thing about choosing to buy a re-sale shared ownership property is that it gives you the opportunity to speak to the previous owner and to find out more about the area.

An impressive one bedroom apartment on the second floor of a modern purpose built block. The accommodation comprises; hallway, open plan kitchen/reception room, double bedroom, bathroom, storage cupboard and a private balcony. The building benefits from a lift and stair access to all floors, secure door entry system and the property has use of a car park space.

Property Value: £230,000
Minimum Share: 50%
Share Value: £115,000
Lease Term - 89 years (approx.)
Rent pcm - £326.09
Service charge pcm - £308.37
Gross internal area: 535 sq.ft / 50 sq.m approx.
EPC Rating: B
Council Tax Band: B

Hammond Court is conveniently situated on Watermill Lane in Enfield and is just a short walk to Silver Street station, which provides frequent services to and from the City, Central London and Seven Sisters. A variety of shops, cafes and restaurants can be found nearby and there are a number of bus routes close by serving the area. Road connections are excellent, being conveniently close to the A406 North Circular Road.