2 bedroom apartment for sale
Bridge House, Homerton High Street, E9 6FU
Share percentage 40%, full price £570,000, £22,800 Min Deposit.
Share percentage 40%, full price £570,000, £22,800 Min Deposit.
Monthly Cost: £2,310
Rent £860,
Service charge £293,
Mortgage £1,157*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
To be eligible for shared ownership with Hackney Sales, you must be able to answer YES to the following questions:
- Are you at least 18 years of age?
- Is your annual gross household income less than £90,000?
- Are you a first time buyer, i.e. you don’t already own a home? If you do already own a home, have you accepted an offer from a buyer and in the process of selling it?
- Are you unable to afford to buy a home suitable for your housing needs on the open market? If you are not sure, you can speak to an independent mortgage advisor
- Are your current mortgage or rent payments up to date?
- Do you have a good credit history (no bad debts or County Court Judgements), and can you afford the regular payments and cost involved in buying and running a home?
- Do you have savings or are you able to easily access at least £4,000 to cover the costs of buying a home? This is a guideline figure, and the actual amount you need will depend on a number of factors
- Do you have enough savings or are you able to access a minimum 10% of the equity share you are buying, as a mortgage deposit? Or do you have the cash funds available to buy the share without a mortgage?
Summary
Two bedroom apartment with two balconies
Description
Two bed apartment in Hackney, E9
We are pleased to release this spacious two double bedroom apartment, located on the 7th floor, the top floor of the development. This is our newest resale, offering 81sqm (871 sqft) of living space and two private balconies.
The layout has been carefully considered and includes:
- Utility and storage cupboards
- Open plan kitchen/living/dining room
- The living space's balcony offers East facing views
- Bedroom one's balcony offers West facing views
- Family bathroom
The property also benefits from access to an open green communal space and bike store.
Bridge House is located on Homerton High Street, with a variety of eateries and entertainment venues, such as the Hackney Empire and Hackney Picturehouse close by.
The property is within walking distance of Victoria Park and Hackney Marshes and is in close proximity to the Olympic Park and Westfield Shopping Centre. The development offers good transport links with Homerton and Hackney Central stations less than 10 minutes walk away.
Affordability criteria
To be considered, you will need a minimum household income of £89,000
This is based on the full market value of £570,000 at a 40% share. Service charge per month is £292.62 and Rent per month is £859.80.
All applicants will need to undergo a complimentary affordability assessment prior to booking a viewing.
Transport links
6 minutes walk to Homerton Station
10 minutes walk to Hackney Central Station
Key Features
- Two generous balconies
- Located on 7th/top floor
- Landscaped communal gardens
- High specification and carefully considered layout
- Kitchen appliances included
- Neutral interior
- Carpeting to bedrooms, Amtico flooring to remainder
- Cycle storage
- EPC rating - B
- Utility and storage cupboards
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: D
Property Downloads
Floor PlanMap
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 40%, full price £570,000, £22,800 Min Deposit. Calculated using a representative rate of 4.64%
