Sage Homes says ..

Property Oracle says ..

This 2-bedroom apartment in the Meridian Water development of Enfield, London, presents a potentially attractive proposition for first-time buyers or those seeking an affordable entry point to the London property market. The property’s condition is modern, clean and well-presented according to the photos, showcasing a stylish interior design. The development appears modern, with images showing communal green spaces. The proximity to public transport, specifically Angel Road and Meridian Water train stations, makes commuting relatively convenient. The location benefits from nearby primary schools, although potential buyers should review the Ofsted reports to assess the educational standards thoroughly. However, the significant caveat is the fact that this is a shared ownership property listed for sale at £108,125, representing only a partial ownership stake in the property; this price represents a 25% share, and further financial obligations, such as service charges and rent on the remaining 75% share will need to be considered. This significantly affects the perceived value of the property. The lack of detailed information on the surrounding area and its development progress makes a complete valuation challenging. Potential buyers must research the shared ownership details thoroughly and conduct a detailed local area market appraisal to establish its true value and long-term potential. The absence of outdoor space or garden is also a factor. While the apartment is presented impeccably, and the location is generally well connected, buyers must carefully weigh the financial commitments inherent in shared ownership before committing to a purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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