1 bedroom apartment for sale
Alvares House, Furrow Lane, E9 6JS
Share percentage 40%, full price £370,000, £7,400 Min Deposit.
Share percentage 40%, full price £370,000, £7,400 Min Deposit.
Monthly Cost: £1,553
Rent £424,
Service charge £305,
Mortgage £824*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Hackney, London
Description
Modern and spacious one-bedroom apartment now available in Hackney, North London, through Shared Ownership.
Situated on the second floor, the flat comprises of a large living room with open-plan fitted kitchen and a bedroom. This could be ideal for a couple or a single person.
Available for £148,000 for 40% share based on the marketing figure of £370,000.
Monthly rent - £424.36
Monthly Service Charge - £305.43
Total Monthly Charge - £729.79 plus mortgage required for 40% share.
An annual rent increase takes place every April
LocationThe property sits between Hackney Central and Homerton, which makes it great for traveling and commuting to London for work: the overground is within short walking distance. You can reach Liverpool Street is just 25 minutes.
There are many restaurants, cafes, bars and pubs in the area, as well as a few schools nearby. There is also the large Queen Elisabeth Olympic Park, for tranquil green areas as well as tennis or football fields. Victoria Park is also nearby.
The property is also within minutes from the A10 and A12 for easiness of travel in or out of London by car.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 112
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- One-bedroom apartment
- Private balcony
- Modern building (2011)
- Great transport links
- Available for 40% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
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 40%, full price £370,000, £7,400 Min Deposit. Calculated using a representative rate of 5.03%
