Flat for sale in Vetchling Way, Upper Edmonton N18

This brand new pet friendly home is available to buy on part buy part rent at £86,875 for a 25% share!

Pricing & affordability

Approximate Size 534sq ft

Full Market Value: £347,500

25% Share Price: £86,875 (rent £597.27)
50% Share Price: £173,750 (rent £398.18)
75% Share Price: £260,625 (rent £199.09)
Further Shared ownership details below.

Meridian one is a £6 billion regeneration project bringing homes, commercial spaces, jobs, green open spaces and much more to North London right next to meridian water station.

This is a Bright and Airy, 1 bed apartment on the 1st floor of a brand new residential block, a stones throw from Meridian Water Train Station, there are bus route and shops as well as eateries, coffee shops, park lands and the Internationally Renowned Walthamstow Wet Lands and Canal Ways ideal for ramblers, runners and cyclists alike.

The apartment is stylish and modern with open living space, soft oak wood effect flooring to the living areas. A beautiful modern kitchen with fully integrated bosch appliances, dishwasher, oven, ceramic hob and fridge freezer. A sizeable utility room with a bosch washer dryer. Underfloor heating throughout. A luxurious tiled bathroom, a beautiful balcony with amazing views.

Easy access to Stratford for Westfield, Liverpool Street for shopping, work and other tourist attractions, Tottenham Hale for connected travel routes, Kings Cross for work, shopping and many other attractions, Stanstead Airport and many more destinations. Locally there are array of shops, cinema complex, white water rafting, Lea Valley Nature Park, Epping Forest to mention a few.

Pricing & affordability

Approximate Size 534sq ft

Full Market Value: £347,500

25% Share Price: £86,875 (rent £597.27)
50% Share Price: £173,750 (rent £398.18)
75% Share Price: £260,625 (rent £199.09)

Minimum 5% Mortgage Deposit (25% share): £4,344.00
Approximate Service Charges: £189.09 pcm*
Shared Ownership Lease: 250 years
Council Tax Band: Tbc

Sizes.

Kitchen / Dining 11.2 x 10.8 ft
Living Area 12.1 x 11.5 ft
Bedroom One 12.5 x 12.1 ft

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.

At Meridian One, you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.

To be eligible for this shared ownership scheme 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.

Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.

*Service charges are estimated and may subject to change.

The pictures are of the show apartment and are indicative only.

Book your visit to the meridian one sales office and show apartment.