1 bedroom apartment for sale

Under Offer

Flat 15, 50 Well Street, Hackney, London, E9 7PX

£93,750 · Shared Ownership Resale

Share percentage 25%, full price £375,000, £4,688 Min Deposit.

Under Offer
1 bedroom
1 Bathroom
Floor plan
floor-plan
Floor plan
floor-plan
£93,750 Shared Ownership Resale

Share percentage 25%, full price £375,000, £4,688 Min Deposit.

Monthly Cost: £1,392
Rent £645, Service charge £213, Mortgage £534*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

£
Summary

A spacious, refurbished one bedroom third floor apartment in the heart of Hackney.

Description

50 Wells Street is located around 100 metres from thejunction with Mare St, while equidistant from Hackney Central to the north & Regent's Canal to the south, Queen Elizabeth Park to the east & Upper St, Islington to the west. London Fields station is around 500m walk, with Victoria Park less than half a mile.

The apartment itself faces west over Shore Place, has a good size double bedroom, new flooring and decoration throughout, a new kitchen and refreshed bathroom.

You can initially purchase anywhere between 25-75% of the full value, depending on what you can afford and pay a monthly fee to us for the bit you haven't bought. When the time is right you can buy more shares, until you own your home outright. Or, if you need to move on, you simply sell your share for its market value at the time.

Below are some round-number monthly mortgage/rent cost examples, based on the market value of £375,000:

25% share @ £93,750 - A 10% deposit would be £9375, your monthly mortgage £520* and your monthly fee to us £645 = £1165/month

35% share @ £131,250 - A 10% deposit would be £13,125, your monthly mortgage £727* and your monthly fee £529 = £1286/month)

50% share @ £187,500 - A 10% deposit would be £18,750, your monthly mortgage £1039* and your monthly fee £430 = £1469/month)

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 www.buywithisha.co.uk

(*Based on a mortgage rate of 6.25% and term of 30 years. Please note, rates and criteria vary. A management service charge is payable in addition to the above).

Key Features
  • Great location
  • Local amenities and transport links
  • 3rdfloor, west-facing
  • Secure, multi-layer building access
  • Good size double bedroom - 4.48m x 2.98m (14'7" x 9'9"), with wardrobe recess
  • New flooring throughout
  • Open-plan kitchen/living/dining area - 6.33m x 3.51m (20'9" x 11'6")
  • New, modern grey gloss kitchen with oven, hob & extractor
  • Space for fridge freezer and washer-dryer
  • Refreshed bathroom
  • 2 storage cupboards
  • Balcony
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified

Property Downloads
Floor Plan
Map
London Fields (0.22 miles) Hackney Central (0.52 miles) Cambridge Heath (0.59 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 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.

£93,750
Shared Ownership Resale
Estimated Monthly Cost:£1,392
Rent £645
Service Charge £213
Mortgage £534

Share percentage 25%, full price £375,000, £4,688 Min Deposit. Calculated using a representative rate of 5.26%


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.