1 bedroom apartment for sale
Flat 15, 50 Well Street, Hackney, London, E9 7PX
Share percentage 25%, full price £375,000, £4,688 Min Deposit.
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 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 25%, full price £375,000, £4,688 Min Deposit. Calculated using a representative rate of 5.26%