Share Price £157,500 (from 25% Min. Share)

Full Value £630,000 | £15,750 Min. Deposit

Scheme: Shared Ownership Resales

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2 bedroom apartment in Islington

place Flat 35, 7 Leonard Street, EC2A 4AN

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One Housing Group

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Amazing City Views


Eligibility

Household income must not exceed £80,000 (outside of London) or £90,000 (in London)
Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property)
No cash buyers
No pets
Applicants must be able to afford their purchase, and sustain their housing costs
Applicants are primarily expected to be first time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners
Applicants must be unable to purchase a property suitable to meet their needs on the open market
Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis

Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer.


Description

A truly stunning two bedroom apartment with incredible panoramic views of East London.

The property is on the seventh floor, of 7 Leonard Street, and is part of the Bezier apartment development.

The apartment opens to a modern open plan living space consisting of a hall, open span kitchen and living room, a double bedroom, a single bedroom and a bathroom. This living room has a Juliet balcony which opens up to incredible views. On Guy Fawkes night you can see all the firework displays across east London.

The flat and building has a modern look and is located behind the Bezier building, on Leonard Street. The flat is in a fantastic location, and in the local area you will find everything you need for a great stay. There are supermarkets, cafes, restaurants, bars and markets all within walking distance of the front door.

The famous junction of Old Street is currently being remodelled to make a for a more pedestrian and cycle friendly environment. Old Street underground station is just a two second walk form the front door and gives you access to the Northern Line, which will connect you to many of London's major sights and stations, including London Bridge, Kings Cross/ St. Pancras, and Camden.

The convenience of this location is superb. Those working in the City can commute on foot and have access to the bars shops and restaurants in Clerkenwell, Shoreditch and Angel.

The flat is also just a short walk to Shoreditch where you can get on the overground.


Key Features

  • 2bedroom flat, set on the7thfloor
  • Stylish open-plan reception room
  • Contemporary kitchen with integrated appliances
  • Lowered bedroom with fitted storage
  • Sleek bathroom
  • Great central Shoreditch location

Accessibility

F – General Needs

General needs housing does not meet any of the above criteria. Properties in this category will have more than four steps or a ramp access that is steeper than 1:10 to access the property front door. These properties should be marketed with the number of steps to access the property as this will provide an additional factor for helping people choosing what to bid for.


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Calculate Monthly Cost

Share price
£ 157,500
Min. £157,500
Share percentage
Min. 25%
Your deposit
Min. £15,750
Monthly cost*
£1,560
Cost breakdown
£683
Rent
£198
Service charge
£679
Mortgage*
Calculated using a representative rate of 3.09%
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.