1 bedroom apartment for sale

Under Offer

Chipping Court, Murrain Road, N4 2BZ

£141,000 · Shared Ownership Resale

Share percentage 30%, full price £470,000, £14,100 Min Deposit.

Under Offer
1 bedroom
1 Bathroom
Private Balcony/Terrace
Pets allowed
Floor plan
floor-plan
Floor plan
floor-plan
£141,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 30%, full price £470,000, £14,100 Min Deposit.

Monthly Cost: £1,869
Rent £957, Service charge £200, Mortgage £712*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

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Eligibility

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

Stunning one bed apartment in an award winning development

Description

Chipping Court is situated in Hackney Council's award winning Kings Crescent development, where we are pleased to offer a one bedroom apartment on the sixth floor, complete with a south facing private enclosed balcony and offering 540 sqft (50.2sqm) of living space.

Located next to Clissold Park and moments away from Stoke Newington High Street, you're sure to find a great selection of activities and places to eat and drink right on your doorstep.

Gross household income required from £69,000

Minimum deposit from £14,100*

Email [email protected] to express your interest. We will put you in touch with a mortgage advisor who will complete a headline affordability assessment. You will then be invited to view the property.

*Based on assumed mortgage interest rates and lender requirements at the time of a mortgage application. If you have a higher deposit but a lower income than the minimums displayed, you may still meet the affordability criteria. Financial assessments will be completed based on individual circumstances.

Key Features

Kitchen

  • White gloss fitted kitchen complemented by modern chunky bar handles
  • Water resistant “mocha stone” worktop and upstand
  • One and a half bowl stainless steel sink unit with mixer tap
  • Integrated electric ceramic hob with stainless steel hood
  • Integrated stainless steel finish electric oven
  • Integrated fridge-freezer
  • Washer-dryer
  • Dishwasher
  • Engineered oak wood flooring

Bathroom

  • White porcelain suite
  • Dual flush WC
  • Basin with mixer tap
  • Bath with mixer tap and hand-held thermostatic shower attachment
  • Square glass shower screen
  • Shaver point
  • Wall cabinet
  • White ceramic gloss wall tiles
  • Grey ceramic floor tiles
  • Heated towel rail

Bedroom

  • Fitted wardrobe
  • Engineered oak wood flooring

General

  • Central heating via hot water radiators, powered by communal central gas boilers district heating system
  • SMART meters
  • Audio video entry phone system

Measurements

  • Terrace: 1.9m x 2.7m
  • Living/Dining: 5.04m x 2.36m
  • Kitchen: 3.46m x 2.52m
  • Bedroom: 5.04m x 3.17m
  • Bathroom: 2.10m x 2.10m
Particulars

Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: C

Property Downloads
Floor Plan Energy Certificate
Map
Finsbury Park (0.51 miles) Arsenal (0.55 miles) Manor House (0.56 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.

£141,000
Shared Ownership Resale
Estimated Monthly Cost:£1,869
Rent £957
Service Charge £200
Mortgage £712

Share percentage 30%, full price £470,000, £14,100 Min Deposit. Calculated using a representative rate of 4.59%


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.