1 bedroom apartment for sale

Available

6 Macclesfield Road, Shoreditch, EC1V 8DJ

£175,500 · Shared Ownership Resale

Share percentage 30%, full price £585,000, £17,550 Min Deposit.

Available
1 bedroom
Floor plan
floor-plan
Floor plan
floor-plan
£175,500 Shared Ownership Resale

Share percentage 30%, full price £585,000, £17,550 Min Deposit.

Monthly Cost: £2,140
Rent £858, Service charge £396, Mortgage £886*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

£
Summary

1-bedroom with lift access, balcony and fantastic Zone 1 location in Shoreditch!

Description
Property reference number: 1638455
 
Live close to Angel’s Upper Street, Shoreditch Park and the City Basin, with Regents Canal just across the road.
 
This fantastic 1-bedroom home is part of the desirable 250 City Road development and includes a communal garden with regular community events, and commercial outlets coming soon. 
 
There are excellent transport links for the Northern Line, Elizabeth Line, Circle, Metropolitan and Hammersmith & City Lines, as well as National Rail all nearby.
  • Nearest Station: Angel, Old Street, Barbican Farringdon
  • Bus routes nearby: 43, 205, 214, 394
The property comprises:
  • Spacious open-plan lounge area
  • Large balcony with direct access from the lounge area
  • Integrated appliances (fridge-freezer, oven and hob)
  • Floor-to-ceiling windows
  • Lift access
  • Communal garden
  • Regular community events
  • Underground secure bike storage
What happens after I register my interest?
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact [email protected]  and our team will be able to help you.

What is Resale Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more. 
 
Financial information
  • Tenure: Leasehold
  • Remaining Lease Term: 119 years 
  • Annual ground rent amount: £0
  • Ground rent review period: No ground rent payable until final staircasing
  • Annual service charge amount: £4,755.84
  • Service charge review period: Annually
  • Council tax band: D
*Financial information correct as of 4.9.24
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D

Property Downloads
Floor Plan Energy Certificate
Map
Old Street (0.42 miles) Angel (0.51 miles) Barbican (0.58 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.

Read More Read Less
  • 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.

£175,500
Shared Ownership Resale
Estimated Monthly Cost:£2,140
Rent £858
Service Charge £396
Mortgage £886

Share percentage 30%, full price £585,000, £17,550 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.