Studio apartment for sale
City Angel, Siena House, 11 Bollinder Place, EC1V 2AS
Share percentage 25%, full price £460,000, £11,500 Min Deposit.
Share percentage 25%, full price £460,000, £11,500 Min Deposit.
Monthly Cost: £1,624
Rent £734,
Service charge £309,
Mortgage £581*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Up to £4,000 service charge paid for a year on all studio apartments at City Angel!*
Description
- An invigorating gym session
- Unwind in the sauna
- Dive into the refreshing swimming pool
- Find serenity in the yoga studio*
• Full market value = £460,000
• Example 25% share price = £115,000
• Estimated monthly rent on the remaining unpurchased 'share' of the home = £734pcm (charged at 2.50% of the unsold equity)
• Estimated monthly service charge = £309pcm
Tenure: Leasehold
Length of lease: 990 years
Annual service charge amount: £3,708
Service charge review period: Annual
Council tax band: (C, D)
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
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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 25%, full price £460,000, £11,500 Min Deposit. Calculated using a representative rate of 4.59%