2 bedroom apartment for sale
Bankside Apartments, Coster Avenue, N4 2JP
Share percentage 40%, full price £580,000, £23,200 Min Deposit.
Share percentage 40%, full price £580,000, £23,200 Min Deposit.
Monthly Cost: £2,301
Rent £865,
Service charge £265,
Mortgage £1,171*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £85,645. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £23,200. Total approximate savings required £27,200.
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
Third floor two bedroom apartment in the London borough of Hackney for £232,000 (at 40% share price of £580,000) available through Shared Ownership.
Description
Ground Floor
- Lift and stairwell
- Secure Entrance Lobby
Third floor
- Entrance hallway
- Two bedrooms
- Bathroom
- Open Plan Kitchen/ Living Area
- Storage Room
External
- Balcony
GIA
74 sqm
Accessibility rating
B
Length of lease
117 years remaining
Borough
Hackney
Monthly Fees
Rent: £864.89
Service Charge: £264.93
Ground Rent: £12.33
Key Features
- Private balcony
Local transport
- Manor House – 0.1 miles
- Harringay Green Lanes – 0.6 miles
- Finsbury Park – 0.7 miles
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: B
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 £580,000, £23,200 Min Deposit. Calculated using a representative rate of 4.59%
