1 bedroom apartment for sale
Available
South Mill Apartments, Hebden Street, E2 8FZ
£164,500 · Shared Ownership Resale

Share percentage 35%, full price £470,000, £8,225 Min Deposit.

Available
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£164,500 Shared Ownership Resale

Share percentage 35%, full price £470,000, £8,225 Min Deposit.

Monthly Cost: £1,831
Rent £775, Service charge £236, Mortgage £820*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

£
Summary

One bedroom fourth floor apartment

Description

SHARED OWNERSHIP

Full market value – £470,000

You pay (35%) - £164,500

Monthly rent – £774.56

Service charge - £236.41

Ground rent payable - £100 per annum

125 year lease commenced in July 2017 (121 years remaining)

PLEASE NOTE THERE IS NO PARKING WITH THIS APARTMENT BUT IT MAY BE POSSIBLE TO RENT A SPACE IN A SECURED PARKING AREA

EWS1 Certification is available for this property.

The property is within walking distance of Haggerston and Hoxton Stations, bus routes, and Santander Cycle stations, allowing easy access to central London and the surrounding areas. There are a multitude of fantastic local amenities, including restaurants, bars, shops and cafes as it is close to Shoreditch, Dalston, Broadway Market and Columbia Road with its vibrant Flower Market. The open green spaces of Shoreditch Park, Haggerston Park, London Fields and Victoria Park are all within walking distance and you can take the Regent’s Canal towpath, which is located only 100 metres away from the flat, to access all these parks and other local hotspots.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £59,723. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered a property in oneour schemes. If you are not registered please visit our website lqhomes.com and register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of November 2021.

Key Features
  • Living area open plan to kitchen and opening onto private balcony.
  • Kitchen fitted with high gloss kitchen units with grey worktops, Integrated oven/hob/extractor, washing machine, dishwasher and fridge/freezer.
  • Double bedroom with fitted wardrobe.
  • Bathroom fitted with white suite.
  • Communal heating system.
  • Storage cupboard in hallway.
  • Secure bicycle storage through car park.
  • Communal garden.
Property Downloads
Floor Plan
Map
Hoxton (0.23 miles) Haggerston (0.30 miles) Cambridge Heath (0.76 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.

Read More Read Less
  • 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.

£164,500
Shared Ownership Resale
Estimated Monthly Cost:£1,831
Rent £775
Service Charge £236
Mortgage £820

Share percentage 35%, full price £470,000, £8,225 Min Deposit. Calculated using a representative rate of 3.94%


Development banner
Development
Resales
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.