City House, 794 Green Lanes, London, N21 2BH

Highlight Housing, The Affordable Homes Agency, working with Legal & General Affordable Homes, is pleased to present this one-bedroom shared ownership resale apartment in Enfield, North London. The price shown represents purchasing a 30% share of the property.

Property Overview

This well-proportioned one-bedroom apartment offers approximately 510 sq. ft. (47 sq. m.) of accommodation, providing a practical and comfortable home for individuals or couples looking to step onto the property ladder.

The entrance hallway leads into a spacious open-plan kitchen, lounge and dining area measuring approximately 21'11” x 11'9”. This versatile living space provides plenty of room for relaxing, dining and entertaining, with the kitchen conveniently positioned at one end.

The double bedroom measures approximately 12'3” x 10'1”, offering comfortable accommodation with space for bedroom furniture. The room also benefits from direct access to an outside area, as indicated on the floor plan.

A separate bathroom includes a bath, washbasin and Wc, while the entrance hallway provides additional built-in storage.

The apartment offers a practical layout, with clearly defined living and sleeping areas, making it an attractive opportunity for first-time buyers seeking an affordable home in North London.

Financial Breakdown

• Full Market Value: £370,000
• Share Available: 30%
• Share Purchase Price: £111,000
• Monthly Rent: £808.85
• Service Charge: £67.73 pcm
• Estate Charge: £37.93 pcm
• Buildings Insurance: £47.74 pcm
• Management Fee: £34.89 pcm
• Reserve Fund Payment: £7.48 pcm
• Total Monthly Payment (excluding rent): £195.77
• Total Monthly Rent and Charges: £1,004.62
• Tenure: Leasehold
• Lease Length: Approximately 245 years remaining
• Rent Review: Annually, Rpi + 0.5%

The property is available through Shared Ownership, with the opportunity to purchase a larger share subject to eligibility and affordability.

Local Area

Situated on Green Lanes in the N21 postcode, the apartment enjoys a convenient North London location, with access to a wide range of local amenities, transport connections and green spaces.

The surrounding Winchmore Hill area offers a selection of independent shops, cafés, restaurants and everyday conveniences, while nearby Palmers Green provides additional shopping and leisure facilities.

Winchmore Hill railway station offers services towards central London, including connections to Moorgate, making the area particularly appealing to commuters.

The nearby A10 and North Circular Road provide convenient road connections across London and the surrounding areas.

Residents can also enjoy access to local parks and open spaces, including Grovelands Park, which offers landscaped gardens, walking routes and recreational facilities.

With its combination of local amenities, transport links and green spaces, the area provides an attractive setting for those looking to establish a home in North London.

What is Shared Ownership?

Shared Ownership is a government-backed scheme designed to help eligible buyers purchase a home when buying outright may not be affordable.

You purchase a percentage share of the property, typically using a mortgage and deposit, and pay rent to the housing provider on the remaining share.

Over time, you may have the opportunity to purchase additional shares in your home through a process known as staircasing, potentially increasing your ownership to 100%

Eligibility Criteria

To be eligible for Shared Ownership, applicants must generally meet the following criteria:

• Your household income must be £90,000 or less per year.
• You must be unable to afford to purchase a suitable property on the open market.
• You must be a first-time buyer, a previous homeowner unable to purchase again, an existing shared owner looking to move, or otherwise meet the relevant eligibility requirements.

You must not own another property upon completion of your Shared Ownership purchase.

All applicants will be subject to eligibility and affordability assessments.

About Highlight Housing

Highlight Housing, The Affordable Homes Agency, specialises in helping people access affordable homeownership opportunities across England.

Working alongside housing providers, developers and industry partners, we support buyers throughout the early stages of their homeownership journey, helping them understand their options and navigate the Shared Ownership process.

Our aim is to make affordable homeownership more accessible, straightforward and transparent.

Shared Ownership Disclaimer

The information provided is intended as a general guide and does not form part of any offer or contract.

All property details, measurements, prices, rental payments and service charges are provided in good faith and should be independently verified before proceeding.

Monthly costs may be subject to annual reviews and increases in accordance with the terms of the lease.

Eligibility criteria, affordability assessments and mortgage availability apply. Buyers should seek independent mortgage and legal advice before committing to a purchase.

The purchase of a Shared Ownership property involves entering into a lease agreement, which sets out the rights and responsibilities of both the leaseholder and housing provider.

Photographs, floor plans and descriptions are provided for illustrative purposes only.