2 bedroom apartment for sale
Mylne Apartments, Barretts Grove, N16 8AP
Share percentage 35%, full price £490,000, £8,575 Min Deposit.
Share percentage 35%, full price £490,000, £8,575 Min Deposit.
Monthly Cost: £1,744
Rent £579,
Service charge £188,
Mortgage £977*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Dalston, Greater London
Description
A modern, spacious two-bedroom apartment in Dalston is available for Shared Ownership. The property is on the third floor and comprises two bedrooms, one double, and one single bedroom. A good-sized open plan living room with balcony, and a bathroom with shower over bathtub.
Available for £171,500 for 35% share based on the marketing figure of £490,000.
Monthly rent - £579.08
Monthly Service Charge - £188.04
Total Monthly Charge - £767.12 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe apartment is just a short walk to Dalston Kingston underground station. It's in a central location with shops and restaurants within walking distance.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 114
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two bedrooms
- Third floor
- Balcony
- Close to train station
- Close to local amenities
- 5% Deposit
- Available for 35% share
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 35%, full price £490,000, £8,575 Min Deposit. Calculated using a representative rate of 5.26%
