2 bedroom apartment for sale
453 Caledonian Road, London, N7 9BA
Share percentage 40%, full price £500,000, £20,000 Min Deposit.
Share percentage 40%, full price £500,000, £20,000 Min Deposit.
Monthly Cost: £2,097
Rent £960,
Service charge £127,
Mortgage £1,010*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This modern apartment is on the third floor and has a generously-sized entrance hall with plenty of room for coats, shoes etcetera. A doorway leads from the reception room into a kitchen with large window and sleek, white units. The main bedroom is very spacious and includes a bank of fitted wardrobes. There is a second, smaller, bedroom and a bathroom with mosaic detailing. Well insulated walls, modern double glazing and gas central heating make for a very good energy-efficiency rating. The development has a gated and monitored car park with an allocated space for this apartment, benefiting from a secure communal bike storage on the ground floor, and is also just minutes from Caledonian Road Station (Piccadilly Line). Alternatively, Caledonian Road & Barnsbury Station provides access to London Overground services. Nearby Market Road Gardens and Caledonian Park offer green, outside space to enjoy.
SHARED OWNERSHIP (Advertised price represents 40% share. Full market value £500,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/yfdvhcbs]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (lease extension in progress, will be 125 years from 2024).
Minimum Share: 40% (£200,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £960.42 per month (subject to annual review).
Service Charge: £126.78 per month (subject to annual review).
Guideline Minimum Income: Dual - £77,100 | Single - £89,200 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Islington. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £20,000
- Guide Min Income Dual £77.1k | Single £89.2k
- Third Floor (building has a lift)
- Approx. 736 Sqft Gross Internal Area
- Spacious Main Bedroom with Fitted Wardrobe
- Modern Double Glazing and Gas Central Heating
- Secure Parking Space
- Minutes from Caledonian Road Station
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureMap
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 £500,000, £20,000 Min Deposit. Calculated using a representative rate of 4.59%