Share Price £141,000 (from 30% Min. Share)

Full Value £470,000 | £14,100 Min. Deposit

Scheme: Shared Ownership Resales

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Resales - Studio apartment in Islington

place Macclesfield Road, EC1V 8DJ

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Spacious studio (42m2) Second Floor Apartment with Balcony now available in Islington.


Eligibility

You may be eligible for this property if: -You must be at least 18 years old -Your annual household income must be less than £90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.

Description

Once you have registered your interest, you will receive an email to book your viewing.

Macclesfield Road is a spacious Studiolocated on the secondfloor within a seven storey apartment block built around 2018. The lease remaining on the property is 123years.

There are good transport links with Angel station 0.5miles away is served by the tube and Old Street 0.4 miles away, served by the tube and National Rail;Local buses serve the area and the night buses linkto Central London.

Close to Shoreditch Park and the City Basin. Regents Canal is across the road

  • Nearest Station: Angel & Old Street
  • Bus routes nearby: 43, 205, 214, 394

The property comprises:

  • Entrance: Hallway with video phone entry.
  • Living Room: Open plan kitchen and living room- door to balcony with views of the City, door leading to hallway and excellent city views from living room. Floor to ceiling windows andAmtico wood laminate flooring
  • Kitchen:Cashmere coloured contemporary units. Amtico wood laminate flooring. Integrated zanussi ceramic hob, Bosch wall mounted chimney hood, Zanussi integrated fridge/freezer.
  • Bedroom One: Double Bedroom with floor toceiling windows with views of the City and two generously proportioned storage cupboards. Amtico wood laminate flooring.
  • Bathroom:Kaldewel white bath and bath panel.Matching Porcelanosa floor and wall tiles. Partial tiled with white walls.Chrome electric heated towel rail.
  • Outside:Private balcony, secure cycle storage and communal garden

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact Peabody.resales@peabody.org.uk and our team will be able to help you.


Key Features

  • Available through Shared Ownership
  • Private Balcony
  • One bedroom
  • Beautifully presented
  • Great transport links

Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 141,000
Min. £141,000
Share percentage
Min. 30%
Your deposit
Min. £14,100
Monthly cost*
£1,331
Cost breakdown
£533
Rent
£190
Service charge
£608
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.