1 bedroom apartment for sale


Fable Apartments, 261c City Road, EC1V 1AP

£264,000 · Shared Ownership Resale

Share percentage 55%, full price £480,000, £26,400 Min Deposit.

1 bedroom
1 Bathroom
Floor plan
Floor plan
£264,000 Shared Ownership Resale

Share percentage 55%, full price £480,000, £26,400 Min Deposit.

Monthly Cost: £1,875
Rent £430, Service charge £214, Mortgage £1,231*

Calculated using a representative rate of 3.82%

Calculate estimated monthly costs


A Fantastic Opportunity to Purchase a One Bedroom Apartment, on a Shared Ownership (Part Buy/Part Rent) Basis, through Clarion Housing


This stylishly-presented apartment is on the fourth floor and features a reception room with full-height windows and an open-plan kitchen with pale units, contrasting worktop and integrated appliances. There is a built-in wardrobe in the bedroom, useful additional storage space in the hallway and an attractive, modern bathroom. Fable Apartments is part of a recently-constructed development alongside City Road Basin, only a short walk from Angel and Old Street and within easy reach of the heart of The City. Well insulated walls, high performance glazing and a communal heating and hot water system have resulted in very good energy-efficiency ratings. A large cycle store is available for residents' use.



(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)

Housing Association:Clarion.

Tenure:Leasehold (125 years from 2015).

Minimum Share:55% (£264,000). The housing association will expect that you will purchase the largest share affordable.

Shared Ownership Rent:£429.73 per month (subject to annual review).

Service Charge:£214.48 per month (subject to annual review).

Guideline Minimum Income:Dual - £64,000 | Single - £72,500 (based on minimum share and 10% deposit).

Council Tax:Band D, London Borough of Islington. Priority is given to applicants living and/or working in this local authority.

This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.

Key Features
  • Guideline Minimum Deposit £26,400
  • Guideline Income £64k (dual) | £72.5k (single)
  • Fourth Floor (building has a lift)
  • Approx. 515 Sqft Gross Internal Area
  • High Performance Glazing
  • Communal Heating and Hot Water
  • Communal Cycle Store
  • Short Walk to Angel/Old Street

Tenure: Not specified
Council Tax Band: Not specified

Property Downloads
Floor Plan Energy Certificate
Angel (0.40 miles) Old Street (0.52 miles) Barbican (0.69 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.

Shared Ownership Resale
Estimated Monthly Cost:£1,875
Rent £430
Service Charge £214
Mortgage £1,231

Share percentage 55%, full price £480,000, £26,400 Min Deposit. Calculated using a representative rate of 3.82%

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.