2 bedroom apartment for sale

Under Offer

Flat 5, N1 5DJ

£228,000 · Shared Ownership New Build

Share percentage 30%, full price £760,000, £11,400 Min Deposit.

Under Offer
2 bedrooms
2 Bathrooms
Private Balcony/Terrace
£228,000 Shared Ownership New Build

Share percentage 30%, full price £760,000, £11,400 Min Deposit.

Monthly Cost: £2,505
Rent £1,219, Service charge £150, Mortgage £1,136*

Calculated using a representative rate of 3.94%

Calculate estimated monthly costs

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Summary

Just three high-spec apartments available for shared ownership purchase sale on an exclusive development in sought-after Hoxton

Description

Hoxton House is an imaginatively designed new building, where both the individual apartmentsand communal spaces are characterised by a meticulous attention to detail and high-qualityspecification.

Located in one of the most fashionable and creative areas of London, there is a wide range oflifestyle options on the doorstep. With museums & galleries, craft food & drink outlets andone-off artisan emporiums, it’s easy to while away hours wandering around Hoxton andShoreditch. You can also work up an appetite (or thirst!) by making the most of ShoreditchPark, the Regent’s Canal or the new Britannia Leisure Centre, which are all within c.200 metresof the building.

Shared ownership is the easier way to have a home of your own, rather than renting with no return. You buy the financial share that works for your budget and pay a low monthly fee to us for the bit you haven't bought. Shares are available between 25-75% - below are some round-number cost examples for a home with a full market value of £550,000: (or £760,000)

(1b) 30% share = £165,000 (Your 10% deposit would be £16,500; your monthly mortgage £688* and your monthly fee £882 = £1570/month)
40% share = £220,000 (Your 10% deposit would be £22,000; your monthly mortgage £917* and your monthly fee £756 = £1673/month)
50% share = £275,000 (Your 10% deposit would be £27,500; your monthly mortgage £1140* and your monthly fee £630 = £1776/month)
60% share = £330,000 (Your 10% deposit would be £33,000; your monthly mortgage £1375* and your monthly fee £504 = £1880/month)

(2b) 30% share = £228,000 (Your 10% deposit would be £22,800; your monthly mortgage £950* and your monthly fee £1219 = £2169/month)
40% share = £304,000 (Your 10% deposit would be £30,400; your monthly mortgage £1267* and your monthly fee £1045 = £2312/month)
50% share = £380,000 (Your 10% deposit would be £38,000; your monthly mortgage £1584* and your monthly fee £871 = £2455/month)
60% share = £456,000 (Your 10% deposit would be £45,600; your monthly mortgage £1901* and your monthly fee £697 = £2597/month)

*Based on a mortgage rate of 3.75% and term of 30 years. Please note, rates and criteria vary. A management service charge is payable in addition to the above).

It really works, with hundreds of thousands of people across the country having bought their home this way.

Our experienced, professional team is here to ensure that things go as smoothly as possible. Call us 9-5, Monday-Friday, or email us anytime to discuss how it could work for you.

For further information go to https://buywithisha.co.uk/site/hoxton-house/

Key Features
  • Engineered wood flooring & underfloor heating
  • Italian designer kitchen furniture, with Corian worktops, integrated Siemens appliances & 4-in-1 filtered/boiling water tap
  • Ultra-modern design bathrooms with Cerim floor & wall tiling & Grohe thermostatic showering
  • Recessed LED lighting; stainless steel electric switches & sockets
  • Sky Q points & CAT 5 cabling to living room & bedrooms; Hyperoptic & BT Superfast broadband connectivity
  • Landscaped communal roof terrace
  • Basement cycle store
  • Secure fob/video-phone entry, with CCTV building monitoring
Particulars

Tenure: Not specified
Council Tax Band: Not specified

Map
Essex Road (0.47 miles) Haggerston (0.52 miles) Hoxton (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.

£228,000
Shared Ownership New Build
Estimated Monthly Cost:£2,505
Rent £1,219
Service Charge £150
Mortgage £1,136

Share percentage 30%, full price £760,000, £11,400 Min Deposit. Calculated using a representative rate of 3.94%


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HOXTON HOUSE
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.