Montmorency Parkin London
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Montmorency Park on the map of London
Mortgage in Montmorency Park
Shared Ownership
Shared Ownership is a type of affordable homeownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
Standard eligibility criteria for Shared Ownership
- Be at least 18 years old.
- Annual household income must be less than £90,000 (In London).
- Annual household income must be less than £80,000 (Outside of London).
- Not allowed to own another home. If you already own another property (in the UK or abroad), you must be in the process of selling it.
- Not able to afford to buy a suitable home on the open market.
- Able to demonstrate that you are not in mortgage or rent arrears.
- Able to demonstrate a good credit history and show that you are able to afford the regular payments and costs involved in buying a home.
- Have savings or be able to access at least £4,000 to cover the costs of buying a home. (This is a guideline figure, the actual amount may vary.)
Please note: Eligibility criteria may vary per housing association and therefore you should always check the exact criteria with the developer or housing association responsible for the exploitation of the project.
Help to Buy
Help to Buy is a government-backed scheme that aims to help first-time buyers onto the property market with an equity loan (also known as shared equity) of up to 40% of the value of a new build home.
- Requires only 5% deposit
- Only a 55% mortgage required
- 40% Government equity loan (interest free for the first 5 years)
- Available on new build homes up with a value of up to £600,000
Eligibilty Criteria
Requirements:
- Minimum age of 18 years.
- Must be first-time buyer.
Not allowed:
- Owning a home or land anywhere in the world at any time.
- To have had any form of sharia mortgage finance.
- Owning a home bought with other people or inherited.
- Being married or in a co-habiting relationship, either now or on legal completion with anyone who owns or has owned a home or land anywhere in the world.
- Purchasing a second home
There are certain price limits on homes you can purchase with an equity loan. The limit varies for each region in England.
| Region | Full property price limit |
|---|---|
| East | £407,400 |
| East Midlands | £261,900 |
| London | £600,000 |
| North East | £186,100 |
| North West | £224,400 |
| South East | £437,000 |
| South West | £349,000 |
| West Midlands | £255,600 |
| Yorkshire and The Humber | £228,100 |
*Terms and conditions apply
Mortgage
We checked the information and the developer's representatives confirmed that units in this residential complex can be purchased by using a mortgage.
Property Details
About the house
| 🟧 Tenure | Leasehold |
| 🟧 Height Classification | Mid-rise |
| 🟧 Quality Classification | Affordable |
| 🟧 Number of floors | 7 |
| 🟧 Number of units | 517 |
| 🟧 Security & Safety | Wireless door bell, Sprinkler system to individual apartments, Video / audio security door entrance system, Apartment entry doors with multi point locking |
| 🟧 Parking | Limited car parking available to some 2 & 3 bedroom apartments |
| 🟧 Amenities | Balconies or terraces to all apartments, Communal entrance areas include feature tiled walls and feature floor up lighting, Individual residents post boxes |
| 🟧 Number of buildings | 13 |
| 🟧 Off-plan property | No |
| 🟧 Property Type | Apartments |
| 🟧 Swimming Pool | No |
| 🟧 Lift | Resident lift to all floors |
About the units
| 🟧 General | Fitted slide and store wardrobes with fitted shelving and lighting to master bedroom |
| 🟧 Ensuite | En-suite basin incorporating vanity unit, Walk in raised wet area to en-suite with glass sliding door |
| 🟧 Heating & Cooling | MVHR extract ventilation system, CHP heating system with smart monitor |
| 🟧 Electricity & Lighting | Recessed LED down lights to reception, kitchen, hallway and bathrooms, Pendant lighting to bedrooms, External lighting to terraces and balconies, Wiring for Sky/Sky + to living room and master bedroom, High level wall mounted TV positions to most master bedrooms |
| 🟧 Outside space | Balconies or terraces to all apartments |
| 🟧 Doors | Stainless steel door handles and fittings to internal doors, Feature internal doors to apartments |
| 🟧 Interior Finishes | Feature high square edged skirting, Feature square edged architrave |
| 🟧 Bathroom | Contemporary white sanitary-ware, Chrome heated towel rail, Glass bath screen, Bespoke design wall vanity unit with mirrored doors and LED lighting to family bathroom including shaver socket, Full height tiling to bathroom and en-suite with co-ordinating floor tiles |
| 🟧 Floor | Wood effect flooring to kitchen, living, dining area and hallway, Carpets to bedrooms |
| 🟧 Kitchen | Fully fitted gloss finish handleless kitchens inc. soft close drawers, Composite stone worktops with up stands, Smoked mirror splash back to hob area, Under mounted stainless steel sink with mixer tap, Integrated brushed steel fan assisted electric oven with frameless ceramic hob and telescopic cooker hood, Integrated dishwasher, Integrated full height fridge freezer, Integrated washer/dryer, Task lighting under wall units, Built in recycle waste bin to cupboard |
Property Description
Where is the complex situated?
Conveniently set in New Southgate, Montmorency Park combines the perks of laid-back suburban living with excellent connectivity to the heart of London. Neighbouring the boroughs of Barnet and Enfield, the property is surrounded by numerous local parks and open spaces. Residents at Montmorency Park enjoy a variety of cafés, bars and restaurants nearby as well as two big retail facilities at only a 10-minute drive away. Transport links are provided via the Picadilly underground line, the New Southgate mainline station and several bus stations minutes away from the property. Three of the capital’s airports can be reached in between 30 and 45 minutes by car.
What facilities are around?
- Nurseries/Education: Puddleducks New Southgate (3 min), Bright Horizons New Southgate Day Nursery (4 min), Garfield Primary (3 min), Walker Primary School (5 min), Hollickwood Primary School (6 min), Coppets Wood Primary School (5 min), Ashmole Academy (7 min)
- Shopping: Sainsbury’s Local (3 min), Tesco Extra (6 min), Friern Barnet Retail Park (6 min), The Mall Wood Green (10 min)
- Medical Facilities: Bounds Green Health Centre (3 min), Bowes Road Clinic (5 min), Alexandra Park Dental Practice (6 min), Natal Road Surgery (7 min), Barnet Hospital (20 min)
- Café/Restaurants: Starfish & Coffee (3 min), Allotment N11 (3 min), Hellenic Bakery Woodgreen (6 min), Volare (7 min), Restaurant Noroc Romanian Cuisine (8 min), Chi Chi’s Cofee and Waffle House (9 min), Siirgista Bros Burgers (10 min)
- Entertainment: Bluebell Wood (4 min), Arnos Park (5 min), Broomfield Park (5 min), Friary Park (7 min), North Middlesex Golf Club (8 min), Vue Cinema North Finchley (8 min), Alexandra Park (8 min)
What are the project features?
Montmorency Park is a selection of 500 new properties carefully designed inside and outside to combine the best practices of contemporary urban residential development and the snug and unhurried spirit of the local neigbourhood. The buildings are set around a landscaped communal courtyard with a children’s play area. Millennium Green with its vibrant open space and spacious walkways is right next to the territory of Montmorency Park.
What are the on-site amenities?
Residents benefit a range of up-to-date amenities: a secure audio/video door entry system, multipoint locking doors and a sprinkler system in all apartments, individual post boxes and a lift to all floors. All units come with a private outdoor area and selected 2- and 3-bedroom apartments include a place at a secure on-site car parking.
How to get around?
- Bus lines: 221, 232, N91 (1 min to Hobart Corner), 382 (1 min to Whitmore Close)
- Underground: Picadilly (3 min to Bounds Green)
- Train lines: Great Northern, Thameslink (2 min to New Southgate)
- Road access: M1, A406
- Airports: London City (34 min), Luton (39 min), Heathrow (42 min)
What types of units are for sale?
The available units range from 1- to 2- and 3-bedroom apartments, each including a private balcony or terrace with external lighting. The apartments feature a CHP heating system with a smart monitor, carpets in bedrooms and wood-effect flooring in other dry areas. Fitted handless kitchens are equipped with a complete set of integrated appliances including a washer/dryer and built-in recycling facilities. Bathrooms feature floor-to-ceiling tiling, contemporary white sanitaryware and high-quality finishings. There is recessed LED lighting throughout for a sophisticated, hotel-like ambience.
Who is the developer?
Montmorency Park is a joint venture of One Housing Group and Sherrygreen Homes. One Housing is an award-winning expert in delivering stylish new homes in London and the southeast for over 50 years. Sherrygreen Homes, a branch of the famous Sherrygreen Group, has been one of the major housing providers across London since 2005. For more information about the developers, please visit their official websites.
