2 bedroom apartment for sale
18 YMCC House, E5 9SQ
Share percentage 25%, full price £625,000, £15,625 Min Deposit.
Share percentage 25%, full price £625,000, £15,625 Min Deposit.
Monthly Cost: £2,063
Rent £1,074,
Service charge £200,
Mortgage £789*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Priority will be given to applicants currently living and/or working in London Borough of Hackney or current social tenants in the London Borough of Hackney, however is open to all eligible applicants.
For two-bedroom homes, priority will be given to families with children subject to maximum occupancy per individual apartment.
For those looking to buy aShared Ownershiphome, there are some eligibility requirements that must be met. The general eligibility criteria for Shared Ownership is as follows:
- You must be at least 18 years old.
- Outside of London your annual household income must be less than £80,000.
- In London, your annual household income must be less than £90,000.
- You cannot own another home. Shared Ownership purchasers are often first time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
- You should not be able to afford to buy a home suitable for your housing needs on the open market.
- You must show you are not in mortgage or rent arrears.
- You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
- Additionally, you will generally need between 5-10% of the equity share that you’re purchasing as a deposit, and should have access to at least £4,000 to cover the other costs of buying a property. This is a guideline figure and the actual amount may vary. For more information, check out thecosts associated with buying a Shared Ownership home.
Summary
New on the market 2 bedroom apartment - Shared Ownership
Description
A well presented 2 bedrooms duplex apartment is available now in Hackney under the Shared Ownership Scheme.
This modern two-bedroom apartment, with quality finishes, has been designed to meet your every comfort and provides a contemporary feel, perfect for relaxed living.
This modern apartment has been built to a high standard and benefits from:
- Fitted integrated appliances which are included in the sale
- Private outdoor space (balcony)
- Carpets to bedrooms
- Wooden effect flooring to lounge, kitchen and hallway areas
- Modern décor throughout
- Good local transport links & amenities close by
To receive more information and book viewing please email or call to register your interest or email [email protected]
Located in E5 - Hackney close to amenities & good transport links.
Key Features
Local area information:
YMCC House is situated in the popular Clapton area of Hackney
The apartments face up Lea Bridge Road to take advantage of the lovely views across Millfields Park next door, or just a 9 minute walk takes you to the Hackney Downs.
Setting up home here will give you a chance to be part of a welcoming, close-knit community. But with great travel links on hand it’ll be easy to reach neighbouring areas and the rest of London.
Transport/Local Area:
Lea Bridge Station - 20 mins walk (1.0 miles)
Ground Rent:£325.18
Specifications:
Kitchen:
- Magnet Studio white gloss kitchen units
- Magnet Everest worktop and upstands
- Magnet Sparta sink
- Magnet Neptune taps
- Integrated stainless steel electric fan-assisted oven
- Gas hob with brushed stainless steel splashback
- Magnet stainless steel chimney-style extractor hood
- Full-sized fridge freezer with silver finish
- Condensing washer/drier with silver finish
- Space for dishwasher or tumble drier to be fitted in the future
- Laminate vinyl wood flooring
- Track light fittings and task lighting under wall units
General:
- Carpet in the bedroom(s) and on the stairs
- Flush internal doors with light oak veneer and brushed stainless steel ironmongery
- Door entry phone
- Smoke detector
- Heat detector
Bathroom:
- White bathroom suite
- Glass shower screen over bath
- Thermostatic shower
- Hand basin with chrome-plated mixer tap
- Feature mirror over basin
- Hand basin with chrome-plated mixer tap
- Feature mirror over the basin
- Glass feature shelf
- Stainless steel towel holder and toilet roll holder
- Shaver point and shaver light
- Ceramic floor and wall tiles
- LED downlights
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Map
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- Rent: This is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes).
- Service Charge: Covers maintenance and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £625,000, £15,625 Min Deposit. Calculated using a representative rate of 4.59%
