1 bedroom apartment for sale

Available

4-14 Spurstowe Terrace, E8 1LT

£112,500 · Shared Ownership New Build

Share percentage 25%, full price £450,000, £11,250 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£112,500 Shared Ownership New Build

Share percentage 25%, full price £450,000, £11,250 Min Deposit.

Monthly Cost: £1,500
Rent £773, Service charge £147, Mortgage £580*

Calculated using a representative rate of 4.80%

Calculate estimated monthly costs

£
Summary

A premium 1 bedroom apartment in an exclusive new private development, located in the heart of Hackney.

Description

A premium 1 & 2 bedroom apartment in an exclusive new private development, located in the heart of Hackney.

Spur House is just 100 metres from Hackney Downs station (Liverpool St – 10 mins), with Mare St, Hackney Central and the green spaces of London Fields & Hackney Downs all just a few hundred metres away.

The building itself has a south-west aspect, bringing almost optimum light into the very spacious main living area of this highly specified, premium size 1st floor apartment. Two large double bedrooms and an attractive bathroom complete the generous accommodation.

Shared ownership is the easier way to have a home of your own, rather than renting with no return. You buy the financial share that works for your budget and pay an affordable monthly fee to us for the bit you haven't bought. You need a smaller deposit, as it's based on the price of the share you buy, rather than the full value. And, just like owning outright, when you want to move on you simply sell your share for its market value at that time. Or, when you're ready, you can buy more shares...until it's all yours.

Initially you can buy between 25-75%, according to what you can afford. Some round-number examples, based on a home with a full market value of £625,000 (2 bed) or £450,000 (1 bed):

(1b)25% share = £156,250 (Your 10% deposit would be £11,250; your monthly mortgage £495* and your monthly fee £773 = £1268/month)

50% share = £225,000 (Your 10% deposit would be £22,500; your monthly mortgage £990* and your monthly fee £516 = £1506/month)

75% share = £337,500 (Your 10% deposit would be £33,750; your monthly mortgage £1485* and your monthly fee £258 = £1743/month)

(2b)25% share = £112,500 (Your 10% deposit would be £15,625; your monthly mortgage £687* and your monthly fee £1074 = £1761/month)

50% share = £312,500 (Your 10% deposit would be £31,250; your monthly mortgage £1375* and your monthly fee £716 = £2091/month)

75% share = £468,750 (Your 10% deposit would be £46,875; your monthly mortgage £2062* and your monthly fee £358 = £2420/month)

It really works, with hundreds of thousands of people across the country having already bought their home this way.

Our experienced, professional team is here to ensure that things go as smoothly as possible. Call us 9am-5pm Monday-Friday, or email us anytime, to discuss how it could work for you.

For further information go to www.buywithisha.co.uk

*Based on a mortgage rate of 4.75% and a term of 35 years. Please note, rates and criteria vary. A service charge is payable in addition to the above.

Key Features
  • New apartment
  • Great location
  • Very close to station
  • Excellent specification
  • Engineered wood flooring
  • Full range of appliances
  • South/west-facing living area & balcony
  • Underfloor heating
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Floor Plan
Map
Hackney Downs (0.09 miles) Hackney Central (0.18 miles) London Fields (0.50 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£112,500
Shared Ownership New Build
Estimated Monthly Cost:£1,500
Rent £773
Service Charge £147
Mortgage £580

Share percentage 25%, full price £450,000, £11,250 Min Deposit. Calculated using a representative rate of 4.80%


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Spurstowe Terrace
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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.