Share Price £148,000 (from 40% Min. Share)

Full Value £370,000 | £14,800 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Hackney

place Saxony Court, Geldeston Road, E5 8RQ

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One Housing Group

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Quietly located on the first floor of a secure, gated and well-designed modern development on Geldeston Road, this perfect first home offers a contemporary design in a prime location.


Eligibility

Eligibility Criteria

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

Quietly located on the first floor of a secure, gated and well-designed modern development on Geldeston Road, this perfect first home offers a contemporary design in a prime location.

Comprising of a bright open plan kitchen with integrated appliances, living room area, bedroom with fitted wardrobe and a large bathroom. Benefits include ample storage, communal roof terrace with views of the London skyline and an attractive courtyard in front of the building. The property also offers a secure video entry system and excellent energy efficiency.


The approximate size of the property is 46 m2 and the lease remaining of 116 years.


Saxony Court is a short walk from the vibrant mix of independent shops, pubs, bars and restaurants in Stoke Newington and along Upper Clapton Road. The area also offers plenty of green space, with Stoke Newington Common a short walk away, as well as Hackney Downs, Clissold Park, Lee Valley and Hackney Marshes close by - perfect for an array of outdoor activities. For transport, Clapton and Rectory Road stations (Overground) are less than 10 minutes’ walk away and offer quick links into the City and with the Victoria line (Walthamstow tube station). There are also plenty of good bus links readily available to the City, Finsbury Park, Oxford Street, Camden Town and more.


Key Features

  • 1-bedroom flat with lots of natural light
  • Ideal for first time buyer
  • Huge communal roof terrace
  • Gated video-entry system
  • Secure cycle storage

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
£ 148,000
Min. £148,000
Share percentage
Min. 40%
Your deposit
Min. £14,800
Monthly cost*
£1,138
Cost breakdown
£385
Rent
£115
Service charge
£638
Mortgage*
Calculated using a representative rate of 3.09%
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Location

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.