1 bedroom apartment for sale
Wilmott Court, Loddiges Road, E9 7FJ
Share percentage 30%, full price £450,000, £13,500 Min Deposit.
Share percentage 30%, full price £450,000, £13,500 Min Deposit
Monthly Cost: £1,715
Rent £821,
Service charge £212,
Mortgage £682*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
To be eligible for shared ownership with Hackney Sales, you must be able to answer YES to the following questions:
- Are you at least 18 years of age?
- Is your annual gross household income less than £90,000?
- Are you a first time buyer, i.e. you don’t already own a home? If you do already own a home, have you accepted an offer from a buyer and in the process of selling it?
- Are you unable to afford to buy a home suitable for your housing needs on the open market? If you are not sure, you can speak to an independent mortgage advisor
- Are your current mortgage or rent payments up to date?
- Do you have a good credit history (no bad debts or County Court Judgements), and can you afford the regular payments and cost involved in buying and running a home?
- Do you have savings or are you able to easily access at least £4,000 to cover the costs of buying a home? This is a guideline figure, and the actual amount you need will depend on a number of factors
- Do you have enough savings or are you able to access a minimum 10% of the equity share you are buying, as a mortgage deposit? Or do you have the cash funds available to buy the share without a mortgage?
Summary
Spacious One Bed Apartment Located Close To Victoria Park
Description
One bedroom apartment in Hackney, E9
We have a unique opportunity to offer a spacious one bed apartment (635 sqft / 59 sqm) within our popular Frampton Park development, built in late 2020. This property is located on the first floor of the building and benefits from a West facing balcony.
This home has been built to a high specification with neutral interior finishes and includes a separate utility room with washing machine, generous storage cupboard and features an open plan kitchen and living room area creating a versatile living space.
The property is situated just off of Well Street, a stone's throw from Victoria Park and the well linked Mare Street, offering transport routes into other parts of Hackney and the City.
Affordability criteria
To be considered, you will need a minimum household income of £62,000.
This is based on the full market value of £450,000 at a 30% share. Service charge per month is £212.34 and Rent per month is £820.72.
All applicants will need to undergo a complimentary affordability assessment prior to booking a viewing.
Transport links
12 minutes walk to London Fields Station
14 minutes walk to Hackney Central Station
Key Features
- A spacious one bed apartment with West facing balcony
- Built to high specification with neutral interior finishes
- Separate utility cupboard housing washing machine and boiler
- Fully integrated kitchen appliances including dishwasher
- Hardwood engineered flooring throughout
- Central heating via a combi boiler
- Cycle storage
Other fittings & furnishings
- Current washing machine will be removed and replaced with another model before sale completes
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: C
Property Downloads
Floor Plan Energy CertificateMap
Material Information
Total rooms: 3
Furnished: Unfurnished
Washing Machine: Yes
Dishwasher: Yes
Fridge/Freezer: Yes
Parking: No
Outside Space/Garden: Yes - Private Balcony
Year property was built: 2020
Unit size: 635sqft/59sqm
Communal lift: Yes
Accessible measures: No
Heating: Central
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 30%, full price £450,000, £13,500 Min Deposit. Calculated using a representative rate of 4.59%
