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Shared ownership
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2 bed flat for sale Magnetic Crescent, Enfield, EN3

Asking price
£315,000
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Added on 02/10/2026

45% share · about £700,000 full value
Type
Flat
Bedrooms
2
Size
£472 per sq ft
Tenure
Ask agent
110 years left(from the agent's description)
Service charge £1,944 a year(from the agent's description)Ground rent £50 a year(from the agent's description)

* From the agent's description. Check it with them before you rely on it.

Key features

  • Price set at 100% - also 45% shared ownership available
  • Modern development
  • Two bedroom flat
  • Chain free
  • Communal gardens
  • 110 year lease
  • Covered allocated parking space

About this property

A well presented and spacious modern ground floor two bedroom flat located on a popular development off Ordnance Road, less than 0.5m to Enfield Lock Train Station (serving London Liverpool Street) and close to the River Lea at Enfield Lock.

The property would suit first time buyers or buy to let investors and has an additional bonus of a secure undercover allocated parking space. Features include:-

Floorplan

Council tax

Ask agent
Per year
  • Band A
    £1,512
  • Band B
    £1,764
  • Band C
    £2,016
  • Band D
    £2,268
  • Band E
    £2,772
  • Band F
    £3,276
  • Band G
    £3,779
  • Band H
    £4,535

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Enfield, 2026/27 bills run from £1,512 a year in band A to £4,535 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Enfield, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Location

Magnetic Crescent, Enfield, EN3

Mortgage and stamp duty

Property price £315,000
£157k £473k
Deposit10% £32,000
£0 £315k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £283,000 mortgage. Most lenders would want a household income of about £63,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

AddressSoldSizePrice
Flat 7, Harvey House, 103, Magnetic Crescent Flat / maisonetteJun 2026549 sq ft £428/sq ft£235,000
Flat 30, Harvey House, 103, Magnetic Crescent Flat / maisonetteFeb 2026657 sq ft £419/sq ft£275,000
Flat 14, Harvey House, 103, Magnetic Crescent Flat / maisonetteMar 2019732 sq ft £191/sq ft£140,000
Flat 36, Harvey House, 103, Magnetic Crescent Flat / maisonetteDec 2016732 sq ft £437/sq ft£319,995

All sales on Magnetic Crescent → All sold prices in Enfield →

Area insights

The neighbourhood around this property.

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