Flora House
£98,750 for a 25% share
Property description
Long lease term, Good EPC Rating, Two bedrooms, Two storage cupboards
Property address
Flora House, London, N13 4BF
2 
1 Shared Ownership
Full Market Value: £395,000
Share Value (25%): £98,750
Monthly Rent: £1022.43
Service Charge: £240.26
Ground Rent: £100.00 PA
Council Tax Band: D
125 year lease commenced September 2014 - 115 years remaining
EWS1 - Please note that at the current time, external wall certification (EWS1) is not available for this property. Mortgage lenders may request this certificate before they will provide a formal mortgage offer. More information and frequently asked questions regarding this subject can be found on the LQ Group website by searching "EWS1"
L&Q welcomes you to view this two bedroom, first floor apartment.
This bright and spacious two bedroom apartment consists of a open-plan kitchen and living area. The kitchen is fitted with cream and oak effect wall and base units, and a white effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Bright and spacious main double bedroom benefitting built-in storage cupboards. Bright and airy second double bedroom. The bathroom comes complete with a white three-piece suite with a shower over bath with heated towel rail and large wall mirror. Additional double storage cupboards in hallway.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Located close to all the local amenities of Palmers Green Winchmore Hill and Southgate including a variety of shops, restaurants, pubs and cafes. Local transport links include Winchmore Hill and Palmers Green Overground station along with Southgate underground station (Piccadilly Line) and a great selection of bus links. There are also some popular local schools within close proximity to the property.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £65,512. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of March 2024.
This is an indication of how much these apartments might cost.
For more detailed information please register your interest in this property.
| Minimum Full Market Value | £395,000 |
|---|---|
| Minimum Share Percentage | 25% |
| Minimum Share Value | £98,750 |
| Monthly Service Charge | £240 |
| Minimum Deposit | £9,875 |
Located close to all the local amenities of Palmers Green Winchmore Hill and Southgate including a variety of shops, restaurants, pubs and cafes. Local transport links include Winchmore Hill and Palmers Green Overground station along with Southgate underground station (Piccadilly Line) and a great selection of bus links. There are also some popular local schools within close proximity to the property.