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£105,000
Bedrooms
Bathrooms
Reception
Jukes Estates is delighted to offer for sale this stunning 2nd Floor flat on a 50% shared ownership for 105,000 sold by conditional sale in the popular Gliden Park development in Harlow.
This really is a lovely bright flat situated on the 2nd floor, it is in very good decorative order and looks brand new. The flat comprises of a modern kitchen with integrated units, a good size lounge with plenty of space for a dining table, al large double bedroom and a large modern bathroom. This is ideal for any first time buyers looking to get on the ladder with a very reasonable rent for the remaining 50% and an opportunity to staircase and buy a larger percentage in the future.
The area is developing well with a community centre and local shop currently being built as we speak and will be finished in the next 12 months, there is also a temporary shop nearby.
Great links to the M11 , close to the shops and restaurants in Old Harlow with Harlow Mill Station closeby with trains to London Liverpool Street and stansted Airport.
Gilden Park in Harlow is a modern, family-friendly residential area that combines the convenience of contemporary living with the charm of a community-focused environment. Nestled on the outskirts of Harlow, this development offers a blend of urban and suburban benefits, making it an ideal choice for families, professionals, and retirees alike.
The neighborhood is known for its well-planned streets and green spaces, providing residents with a peaceful atmosphere. Tree-lined walkways, landscaped gardens, and several parks give Gilden Park a sense of openness and tranquility, making it perfect for outdoor activities, whether it's a morning jog, a weekend picnic, or a leisurely evening walk.
Homes in Gilden Park are primarily modern and stylish, featuring energy-efficient designs and contemporary amenities. Properties range from cozy apartments to spacious family homes, catering to a variety of needs and budgets. The area is characterized by clean, modern architecture with an emphasis on functionality and comfort, making it an attractive place to live for those looking for low-maintenance, modern homes.
The community is well-served by local facilities, including a primary school, playgrounds, and nearby shops for everyday essentials. Gilden Park is also close to the heart of Harlow, where you can find a larger array of shopping centers, restaurants, and entertainment options. For commuters, Gilden Park's location is a major advantage. It's just a short drive to the M11, providing easy access to London and Cambridge, and the nearby Harlow Town train station offers direct routes to London Liverpool Street, making it a great base for city workers who prefer a quieter home environment.
Residents also benefit from a strong sense of community, with local events and activities often organized, fostering a friendly and welcoming atmosphere. With a mix of new housing developments and plenty of green spaces, Gilden Park offers a balanced lifestyle that combines the perks of town living with the peace of a suburban setting.
** Conditional Sale with a 2,000 fee payable in advance to secure the property , please ring the office for further details and shared ownership criteria.
Tenure: Leasehold (120 years)
Ground Rent: 175 per year
Service Charge: 1,400 per year
Shared Ownership: 50% being sold, 339 per month rental payments
Parking options: Off Street
Entrance hall w: 2.5m x l: 3.5m (w: 8' 2" x l: 11' 6")
Laminate flooring
2 storage cupboards
Telephone Entry System
Kitchen w: 3.3m x l: 3.3m (w: 10' 10" x l: 10' 10")
Window to rear aspect
Champagne-coloured kitchen units
Integrated Dishwasher
Integrated Fridge Freezer
Integrated Washing machine
Gas hob
Electric oven
Lounge/diner w: 3.2m x l: 4m (w: 10' 6" x l: 13' 1")
Space for a dining table
Laminate flooring
Window-to-front aspect
Bathroom w: 2.1m x l: 2.3m (w: 6' 11" x l: 7' 7")
Bath with shower attachments
WC
Wash basin
Tiled
Very good size
Bedroom 1 w: 3.1m x l: 3.8m (w: 10' 2" x l: 12' 6")
Carpet
Window to rear aspect
Outside Area
Parking space for 1 car allocated , plenty of visitor parking available, walking distance to the local shop and play area
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £454.09
Total Interest: £58,472.48
Overall Total: £163,472.48
Amortization For Monthly Payment: £454.09 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £3,329.09 | £2,119.100 | £102,880.00 |
| 2026 | £3,260.24 | £2,188.84 | £100,691.16 |
| 2027 | £3,189.16 | £2,259.92 | £98,431.24 |
| 2028 | £3,115.78 | £2,333.31 | £96,097.94 |
| 2029 | £3,040.00 | £2,409.08 | £93,688.86 |
| 2030 | £2,961.77 | £2,487.31 | £91,201.55 |
| 2031 | £2,881.00 | £2,568.08 | £88,633.47 |
| 2032 | £2,797.61 | £2,651.48 | £85,981.99 |
| 2033 | £2,711.50 | £2,737.58 | £83,244.42 |
| 2034 | £2,622.61 | £2,826.48 | £80,417.94 |
| 2035 | £2,530.82 | £2,918.26 | £77,499.68 |
| 2036 | £2,436.05 | £3,013.03 | £74,486.65 |
| 2037 | £2,338.21 | £3,110.87 | £71,375.77 |
| 2038 | £2,237.19 | £3,211.89 | £68,163.88 |
| 2039 | £2,132.89 | £3,316.20 | £64,847.69 |
| 2040 | £2,025.20 | £3,423.88 | £61,423.80 |
| 2041 | £1,914.01 | £3,535.07 | £57,888.73 |
| 2042 | £1,799.22 | £3,649.87 | £54,238.87 |
| 2043 | £1,680.69 | £3,768.39 | £50,470.48 |
| 2044 | £1,558.32 | £3,890.76 | £46,579.71 |
| 2045 | £1,431.97 | £4,017.11 | £42,562.61 |
| 2046 | £1,301.52 | £4,147.56 | £38,415.05 |
| 2047 | £1,166.84 | £4,282.24 | £34,132.80 |
| 2048 | £1,027.78 | £4,421.30 | £29,711.50 |
| 2049 | £884.20 | £4,564.88 | £25,146.62 |
| 2050 | £735.96 | £4,713.12 | £20,433.50 |
| 2051 | £582.91 | £4,866.17 | £15,567.33 |
| 2052 | £424.89 | £5,024.19 | £10,543.14 |
| 2053 | £261.74 | £5,187.34 | £5,355.80 |
| 2054 | £93.29 | £5,355.80 | £0.00 |
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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Sat May 03 2025
All confirmed! We look forward to speaking with you.
Sat May 03 2025
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