1 bedroom apartment for sale

Available

2 Radwell Court (1 Bed 1st floor), 6 Casbeard Street, N4 2GD

£235,000 · Shared Ownership Resale

Share percentage 50%, full price £470,000, £11,750 Min Deposit.

Available
1 bedroom
1 Bathroom
Private Balcony/Terrace
Pets allowed
£235,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 50%, full price £470,000, £11,750 Min Deposit.

Monthly Cost: £1,877
Rent £547, Service charge £159, Mortgage £1,171*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Eligibility

To be eligible you must be able to answer YES to the following questions:

Are you at least 18 years of age?
Is your annual gross household income less than £90,000?
Are you a first time buyer, i.e. you don’t already own a home? If you do already own a home, have you accepted an offer from a buyer and in the process of selling it?
Are you unable to afford to buy a home suitable for your housing needs on the open market?
Do you have enough savings or are you able to access a minimum 5% of the equity share you are buying, as a mortgage deposit?

Potential buyers will be assessed for their eligibility by a specialist financial advisor for an affordability assessment. If they are successful in their assessment, and meet the affordable housing eligibility criteria required then you will be considered for the property.

Hackney

All London applicants will be considered with priority given to people who live/work in the borough.

Applicants must be earning under £90,000 to be eligible for one, two and three bed apartments.

If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing.

Summary

Stunning 1 Bedroom apartment in Stoke Newington

Description

Shared Ownership resale opportunity located in the award winning Clissold Quarter development.

A stunning 1st floor 1 bedroom home located in the London borough of Hackney for £235,000 (50% share price of £470,000 full market price), available through shared ownership.

Sitting within a 6 storey block. The property provides an open plan kitchen, living room, two bedrooms, and bathroom. There are gated communal gardens, children's play area, allotments, secure bike storage. Gross internal area of 52 sq m. Built in 2017.

Priority will be given to those who live and/or work within Hackney and have done so for a period of 1 year.

The flat contains a balcony with access from the sitting room. There is also a Juliette balconies in the sitting room and bedroom with views over the communal gardens. Communal garden area and allotment.
Secure bike storage area. No allocated parking.

Visitor permits available. This is a car free development.

A one-bedroom purpose built first floor flat constructed of traditional brick cavity with a modern flat roof. Situated on the N5/N16/N4 border this superb property is well-positioned for the areas many amenities. Take a short stroll through beautiful Clissold Park to arrive on vibrant Stoke Newington Church Street with its eclectic array of eateries, independent shops, coffee bars and pubs. There are excellent transport links to The City and West End with numerous good bus routes, and trains from Manor House (Piccadilly Line) and Stoke Newington Station (Overground).

The following transport links are nearby:- Finsbury Park (0.6 mi) Manor House (0.6mi) Arsenal (0.6 mi) Priority will be given to those who live and/or work within Hackney and have done so for a period of 1 year.

KITCHEN

· White gloss fitted kitchen complimented by modern chunky bar handles

· Water-resistant mocha stone effect worktop and upstand

· One and a half bowl stainless steel sink unit with mixer tap

· Integrated electric ceramic hob with stainless steel hood

· Integrated stainless steel electric double oven

· Freestanding washer (within entrance hall cupboard)

(Integrated fridge freezer, curtain poles may be available from the vendor)

· Engineered oak wood flooring

· Recessed LED light fittings

BATHROOM

· White porcelain suite

· Dual flush WC

· Basin with mixer tap

· Bath with mixer tap, hand-held thermostatic shower attachment, square glass shower screen

· Thermostatic wall mounted shower

· Shaver point

· Wall cabinet

· White ceramic gloss wall tiles

· Grey ceramic floor tiles

· Heated towel rail with chrome finish

· Recessed LED light fittings

· Walls painted with white emulsion where not tiled

· Mechanical ventilation system

LIVING/DINING SPACE AND BEDROOMS

· Engineered oak wood flooring

· Ceiling light pendants

· Walls painted with white emulsion

· Doors leading to personal outside space (see individual floorplans)

· Pre-wired for digital television (living room and bedroom)

· Telephone point (hall and living room)

GENERAL

· Central heating via hot water radiators, powered by communal central gas boilers district heating system)

· SMART meters

· Audio video entry phone system

· White painted interior doors with chrome finish handle sets

· All ceilings painted in white emulsion

Externally anodized aluminum framed double glazed windows

· 10 year build warranty

EXTERNAL AREAS

· Personal outside space; either balcony, terrace or garden (see floorplans)

· Photovoltaic panels to roofs

· Living roofs

· Wide tree lined streets

This property is being sold at a 50% initial share.

Potential buyers will be assessed for their eligibility by a specialist financial advisor for an affordability assessment. If they are successful in their assessment, and meet the affordable housing eligibility criteria required then you will be considered for the property.

You will need to be earning a guidance income of £73,000. You need to have access to savings of at least £4,000 to cover the cost of buying the home. A minimum of 10% deposit approx. £11,750. Total approximate savings required £15,750.

Monthly Fees

*Monthly mortgage: £991

Monthly rent: £546.51

Service charge: £158.72

Estimated total (per month): £1696.23 excluding council tax.

Estimate - The monthly mortgage is based on an interest rate of 4.0% with a capital and interest repayment over 25 years. It is based on a 5% deposit. The rent may increase each year, the increase calculation will be specified in the lease.

This property is subject to a rent review 1 April 2021.

Key Features

Please register your interest at the below link:

https://docs.google.com/forms/d/e/1FAIpQLSfweZo3orD9CmqVIJWZUgq9jaHZSmBvqvjYgfhAB_97mrmVgg/viewform?usp=sf_link

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Finsbury Park (0.54 miles) Manor House (0.57 miles) Arsenal (0.57 miles)
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

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  • 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.

£235,000
Shared Ownership Resale
Estimated Monthly Cost:£1,877
Rent £547
Service Charge £159
Mortgage £1,171

Share percentage 50%, full price £470,000, £11,750 Min Deposit. Calculated using a representative rate of 3.94%


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.