2 bedroom apartment for sale

Available

Clissold Road, N16 9EU

£287,500 · Shared Ownership Resale

Share percentage 50%, full price £575,000, £28,750 Min Deposit.

Available
2 bedrooms
1 Bathroom
Communal Garden
Pets allowed
Floor plan
floor-plan
Floor plan
floor-plan
£287,500 Shared Ownership Resale

Share percentage 50%, full price £575,000, £28,750 Min Deposit.

Monthly Cost: £1,986
Rent £380, Service charge £147, Mortgage £1,459*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Summary

Purpose built apartment in Stoke Newington

Description

SHARED OWNERSHIP

Full Market Value: £575,000

Share Value (50%): £287,500

Monthly Rent: £380.48

Service Charge: £146.56

Annual Ground Rent: £100

Council Tax Band: D

189 year lease commenced June 1998 - 163 years remaining

A bright and spacious two double bedroom purpose built apartment located just off Stoke Newington Church Street and very close to Clissold Park.

The property comprises of a 18ft living room with French doors opening onto a Juliet balcony overlooking a well-kept back garden. There is high quality wood flooring in the bedrooms, lounge and hallway. The flat also benefits from a wide hallway with large built in storage cupboard. There is a separate eat-in kitchen fitted with a range of white wall and base units with white work surfaces and spaces for white goods. One of the two double bedrooms has a large fitted wardrobe and a contemporary bathroom completes the accommodation.

The flat is located in a sought-after residential road in Stoke Newington. Close to the popular Stoke Newington Church Street with its boutique shops, restaurants, pubs and coffee shops in one direction and Newington Green Village with its shops, cafes and patisserie in the other. Within easy reach of trendy Dalston and Islington's Upper Street with its wealth of shops, bars and restaurants.Transport links include: Canonbury Station (Overground), Dalston Kingsland & Junction Stations (Overground) and a variety of bus routes into The City and West End very nearby.

The area offers a range of outstanding and good rated primary, secondary schools and nurseries. For recreation, the flat is very close to Clissold Park, a large green space with a children's playground, tennis courts, paddling pool, skate park, ponds, animal enclosures and Clissold House café. The Clissold Leisure Centre is moments away and Abney Park, the West Reservoir, Castle Climbing Centre and Woodberry Wetlands are also a short distance away.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £74,188. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of June 2024.

Key Features
  • Close proximity to Clissold Park
  • Good transport links
  • Long lease
  • Excellent decorative order
  • Shared front garden
Particulars

Tenure: Leasehold
Lease Length: 163 years
Council Tax Band: D

Property Downloads
Key Information Document Floor Plan Energy Certificate
Virtual Tour
https://nichecom.s3.eu-west-1.amazonaws.com/cat1000/2024/05/24/665095ffc58e6-1133807.mp4
Map
Rectory Road (0.60 miles) Dalston Kingsland (0.64 miles) Stoke Newington (0.66 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.

£287,500
Shared Ownership Resale
Estimated Monthly Cost:£1,986
Rent £380
Service Charge £147
Mortgage £1,459

Share percentage 50%, full price £575,000, £28,750 Min Deposit. Calculated using a representative rate of 4.64%


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.