1 bedroom apartment for sale
453 Caledonian Road, Islington, London, N7 9BA
Share percentage 35%, full price £445,000, £15,575 Min Deposit.
Share percentage 35%, full price £445,000, £15,575 Min Deposit.
Monthly Cost: £1,781
Rent £870,
Service charge £125,
Mortgage £786*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Large One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A large and stylishly-presented apartment in this modern, mixed-use development. The property has a spacious hallway and reception room with wood-strip flooring. The reception also features a Juliette balcony, which overlooks the communal courtyard, and is semi-open-plan to the naturally-lit kitchen. There is a generously-sized bedroom and a sleek, monochrome bathroom. Well insulated walls, double glazing and gas central heating make for a very good energy-efficiency rating. The development has a secure bicycle store and is also just a few minutes walk 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 35% share. Full market value £445,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/mbdhnwdw]
(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 (125 years from 26/11/2021).
Minimum Share: 35% (£155,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £870.03 per month (subject to annual review).
Service Charge: £124.73 per month (subject to annual review).
Guideline Minimum Income: Dual - £63,200 | Single - £72,800 (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). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £15,575
- Guide Min Income Dual £63.2k | Single £72.8k
- Second Floor (building has a lift)
- Approx. 679 Sqft Gross Internal Area
- Semi-Open-Plan Kitchen/Reception Room
- Very Good Energy-Efficiency Rating
- Juliette Balcony Overlooking Communal Courtyard
- Minutes from Caledonian Road Station
Particulars
Tenure: Leasehold
Lease Length: 122 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: n/a - Communal Garden
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 35%, full price £445,000, £15,575 Min Deposit. Calculated using a representative rate of 4.59%
