2 bed flat for sale

Oxeye Way, London N18

This brand new home is available to buy from as little as £275,000 with a 50% share!

Discover contemporary London living at Meridian One, an exciting residential development in the heart of Enfield's ambitious Meridian Water regeneration project. Offering buyers a fantastic opportunity to secure a stylish new home within one of North London's most exciting emerging neighbourhoods.

Meridian One offers a collection of modern apartments and duplex homes designed for comfortable, contemporary living. With thoughtfully designed interiors, modern kitchens, integrated appliances and underfloor heating among the development's features, these homes combine style and practicality. Residents can also enjoy a growing neighbourhood with landscaped public spaces, a community garden, children's playground and skate park, creating a welcoming environment in which to live.

The development is ideally positioned for everyday convenience, with a variety of shops, supermarkets and leisure facilities nearby. Edmonton Green Shopping Centre provides a wide selection of high street retailers and everyday essentials, while the nearby Lee Valley Regional Park offers extensive green spaces, walking routes and opportunities for outdoor recreation. The vibrant neighbourhoods of Tottenham and Walthamstow are also within easy reach, offering an excellent choice of restaurants, cafés, bars and entertainment.

Commuters are particularly well catered for, with Meridian Water railway station just a short walk from the development. Regular rail connections provide access to Stratford in approximately 15 minutes and London Liverpool Street in around 24 minutes, making Meridian One an excellent choice for those working or socialising in the capital. Further connections towards Stansted Airport and Cambridge add to the convenience of this well-connected location.

As part of the wider Meridian Water regeneration, residents will benefit from an evolving neighbourhood with further shops, leisure facilities, employment opportunities and public spaces planned for the years ahead.
Pricing & affordability


Full Market Value: £550,000
25% Share Price: £137,500 (rent £945.31pcm)
50% Share Price: £275,000 (rent £630.21pcm)
75% Share Price: £412,500 (rent £315.10pcm)

Minimum 5% Mortgage Deposit (25% share): £6,875

Approximate Service Charges: £280.18pcm*
Shared Ownership Lease: 248 years
Council Tax Band: Tbc
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 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.

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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

**These photos are for information purposes only and may not represent a true likeness for the units being sold. They may have been taken from earlier phases or similar developments/house types and digitally furnished to represent how the home could be laid out; the final colours/appearance/specification may differ from the images and are not plot specific. We advise applicants to make their own investigations on future development in the area. We would suggest contacting the local authority for more information.