Studio apartment for sale

Available

City Angel, Siena House, 11 Bollinder Place, EC1V 2AS

£115,000 · Shared Ownership New Build

Share percentage 25%, full price £460,000, £11,500 Min Deposit.

Available
Studio
Floor plan
floor-plan
Floor plan
floor-plan
£115,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £460,000, £11,500 Min Deposit.

Monthly Cost: £1,609
Rent £719, Service charge £309, Mortgage £581*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

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Eligibility
-You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property--
Summary

A stunning collection of studio apartments with access to a range of spectacular residents' amenities including a gym, pool & concierge | Now available with 5% deposit boost!

Description
Live in Zone 1 from just £1,616 a month with a £11,500 deposit*
 
City Angel is a brand-new collection of studio apartments in Islington for those beginning to spread their wings in London’s most exciting part of town. 
  
All homes feature contemporary kitchens, modern fittings and fixtures, with underfloor heating throughout. Spacious living areas are connected to private outside space with many homes overlooking the landscaped communal podium garden, providing the perfect environment for relaxation.
 
Reserve before the end of December 2024 and we'll boost your depost by 5% up to £6,000, helping you borrow less and unlocking the potential for better mortgage rates!*
  
Residents of City Angel benefit from access to The Regents Club, an exclusive suite of luxurious on-site facilities including a gym, spa, swimming pool, sauna, yoga studio, and concierge, with even more to come in 2024.* 
 
Plus, benefit from excellent transport links with Old Street and Angel Stations both just a 10-minute walk away serving the Victoria, Northern and Elizabeth lines as well as Overground and National Rail services.  
 
Why buy at City Angel? 
 
- Spacious, open-plan living
- Fully integrated kitchens and bathrooms 
- Private balcony 
- Well-connected Zone 1 location, close to Old Street and Angel stations 
- Residents’ gym, spa, swimming pool, sauna, yoga studio, concierge & more
 
Shared Ownership cost breakdown - 25% share*
- Full market value = £460,000
- 25% share price = £115,000
- Deposit required = £11,500
- Estimated monthly mortgage = £588pcm
- Estimated monthly rent = £719pcm
- Estimated monthly service charge = £309pcm
 
Shared Ownership cost breakdown - 40% share*
- Full market value = £460,000
- 40% share price = £184,000
- Deposit required = £18,400
- Estimated monthly mortgage = £922pcm
- Estimated monthly rent = £575pcm
- Estimated monthly service charge = £309pcm
 
Financial information
Tenure: Leasehold
Length of lease: 990 years
Annual service charge amount: £3,710
Service charge review period: Annual
Council tax band: (C, D)
 
What is Shared Ownership?
Shared Ownership is a government-backed part buy, part rent scheme that helps you to purchase a home that otherwise may not have been affordable. Through Shared Ownership, you can purchase a ‘share’ of a home, typically between 25% and 75%, and pay rent on the remaining amount. Then, over time, you can purchase more shares all the way up to 100%, or simply sell your home on the open market. 
 
What's more, your deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable when compared to buying a home outright.  
 
Register your interest or search “Peabody New Homes Shared Ownership” to find out more. 
 
Disclaimers & T&Cs
*Amenity CGIs are indicative only and property of Berkeley Homes. Games room and cinema room coming soon,
*Travel times taken from Google Maps.
*Shared Ownership cost breakdowns and financial information provided is estimated and will differ based on individual circumstances and the specific home reserved. 
 
*5% deposit boost incentive available on reservations from 1 November 2024 to 31 December 2024. Peabody will contribute a total of up to £6,000 as a one-off deduction when your home completes. This incentive is available on studio apartments only. Additional T&Cs, affordability and eligibility criteria may apply. For full T&Cs visit the Peabody New Homes website offers page or speak to our sales team.
Particulars

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

Property Downloads
Floor Plan
Virtual Tour
https://my.matterport.com/show/?m=yU6WNA7d67c
Map
Old Street (0.40 miles) Angel (0.52 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.

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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.

£115,000
Shared Ownership New Build
Estimated Monthly Cost:£1,609
Rent £719
Service Charge £309
Mortgage £581

Share percentage 25%, full price £460,000, £11,500 Min Deposit. Calculated using a representative rate of 4.59%


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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.