1 bedroom apartment for sale
Wilmott Court, E9 7FJ
Share percentage 40%, full price £450,000, £18,000 Min Deposit.
Share percentage 40%, full price £450,000, £18,000 Min Deposit.
Monthly Cost: £1,808
Rent £711,
Service charge £188,
Mortgage £909*
Calculated using a representative rate of 4.59%
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
Spacious One Bed Apartment Located Close To Victoria Park
Description
One bedroom apartment in Hackney, E9
We have a unique opportunity to offer a spacious one bed apartment (635 sqft / 59 sqm) within our popular Frampton Park development, built in late 2020. This property is located on the second floor of the building and benefits from an East facing balcony.
This home has been built to a high specification with neutral interior finishes and includes a separate utility room with washer dryer, generous storage cupboard and features an open plan kitchen and living room area creating a versatile living space.
The property is situated on Well Street, just a stone's throw from Victoria Park and the well linked Mare Street, offering transport routes into other parts of Hackney and the City.
Affordability criteria
To be considered, you will need a minimum household income of £66,000
This is based on the full market value of £450,000 at a 40% share. Service charge per month is £188.15 and Rent per month is £711.30.
All applicants will need to undergo a complimentary affordability assessment prior to booking a viewing.
Transport links
12 minutes walk to London Fields Station
14 minutes walk to Hackney Central Station
Key Features
- A spacious one bed apartment with East facing balcony
- Built to high specification with neutral interior finishes
- Separate utility cupboard housing washing machine and boiler
- Fully integrated kitchen appliances including dishwasher
- Hardwood engineered flooring throughout
- Central heating via a combi boiler
- Cycle storage
Other fittings & furnishings
- The wardrobe in the bedroom will be gifted with the purchase
- Blinds available if requested at point of reservation
Particulars
Tenure: Leasehold
Lease Length: 122 years
Council Tax Band: C
Property Downloads
Floor Plan Energy CertificateMap
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 £450,000, £18,000 Min Deposit. Calculated using a representative rate of 4.59%
