2 bedroom apartment for sale
The Saddler Building, 24 Wharf Road, London, N1 7GQ
Share percentage 25%, full price £920,000, £23,000 Min Deposit.
Share percentage 25%, full price £920,000, £23,000 Min Deposit.
Monthly Cost: £1,996
Rent £505,
Service charge £330,
Mortgage £1,161*
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
A great chance to buy a spacious and centrally-located apartment with a secure, underground parking space. The smartly-presented property is on the first floor and features a twenty-five-foot reception room with wood flooring and a sleek, open-plan kitchen area. There is large main bedroom with fitted wardrobe and en-suite shower room plus a second good-sized double bedroom and an attractive bathroom. Useful storage/utility cupboards have been provided in the entrance hallway and well insulated walls, high-performance glazing and underfloor heating supplied from a communal hot water system all contribute towards a very good energy-efficiency rating. The Saddler Building is part of a modern development and has a communal courtyard and a roof terrace that provides a far-reaching view of the surroundings. Angel and Old Street Stations are nearby and numerous other transport connections and places of interest can be found within comfortable walking distance. The nearest secondary school is Ofsted-rated 'Outstanding' and there are a number of well-thought-of primaries in the local area.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £920,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/3stmuhue]
(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: A2Dominion.
Tenure: Leasehold (125 years from 29/09/2015).
Minimum Share: 25% (£230,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £505.03 per month (subject to annual review).
Service Charge: £330.01 per month (subject to annual review).
Guideline Minimum Income: Dual - £74,000 | Single - £85,500 (based on minimum share and 10% deposit).
Council Tax: Band E, London Borough of Hackney. 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 £23,000
- Guide Min Income Dual £74k | Single £85.5k
- First Floor (building has a lift)
- Approx. 925 Sqft Gross Internal Area
- Bathroom plus En-Suite Shower Room
- Communal Courtyard and Roof Terrace
- Secure Underground Parking Space
- Short Walk from Angel/Old Street
Particulars
Tenure: Leasehold
Lease Length: 115 years
Council Tax Band: E
Property Downloads
Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: Yes - Gated
Outside Space/Garden: Yes - Communal Terrace
Year property was built: Enquire with provider
Unit size: Enquire with provider
Communal lift: Yes
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 25%, full price £920,000, £23,000 Min Deposit. Calculated using a representative rate of 4.59%