1 bedroom apartment for sale
Coster Avenue, N4 2LD
Share percentage 40%, full price £400,000, £16,000 Min Deposit.
Share percentage 40%, full price £400,000, £16,000 Min Deposit.
Monthly Cost: £1,544
Rent £558,
Service charge £174,
Mortgage £812*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £54,460.You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £16,000. Total approximate savings required £20,000.
Important borough specific eligibility criteria
Hackney
This property is available to all applicants with priority to those living or working in Hackney.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
Second Floor One bedroom apartment in the London borough of Hackney for £160,000 at 40% share price of £400,000 available through Shared Ownership.
Description
Internally
Ground Floor:
Communal entrance hall and lift.
Second Floor:
Kitchen/Lounge, Bedroom, Bathroom with WC,
Hallway.
Externally
Balcony
GIA
51 sqm
Accessibility rating
F
EPC rating
B
Length of lease
120 years remaining
Ground Rent Fee
£10.33
Borough
Hackney
Key Features
The property is within reasonable travelling distance of the local shopping and
recreational facilities within the area.
Local Transport
Manor House (Underground) - 2 minute walk
Harringay Green Lanes (Overground) - 11 minute walk
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: Not specified
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 40%, full price £400,000, £16,000 Min Deposit. Calculated using a representative rate of 4.64%
