Share Price £347,500 (from 50% Min. Share)

Full Value £695,000 | £34,750 Min. Deposit

Scheme: Shared Ownership Resales

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3 bedroom house in Hackney

place Lea Bridge Road, Hackney, E5 9RB

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Three-beds, semi-detached townhouse now available in Hackney.


Eligibility

You may be eligible for this property if:

  • You must be at least 18 years old
  • Your annual household income must be less than £90,000
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You should generally be a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply.

Please note that applicants will be expected to purchase the maximum share that is sustainable for them.


Description

Lea Bridge Road is a three bedroom, semi terraced house with garden and off street parking space, built around 1997. The lease remaining on the property is 100 years.

There are good transport links with Clapton Station 0.6 miles away, served by London Overground linking to London Liverpool Street in 10 minutes. Local buses serve the area and the night buses links to Oxford Circus.

Local amenities are located 0.1 miles away along Otley Terrace. For leisure and enjoyment, Millfields Park is within 0.2 miles. As well as surrounding areas, Clapton, Hackney Downs and Hackney Central are only a short distance away with a mixture of cafes, bars, pubs and restaurants.

  • Nearest Station: Clapton (Zone 2) – London Overground.
  • Bus routes nearby: Bus routes 48, 55, 56, N38 & N55 from Chatsworth Road Lea Bridge Road.

Estimated minimum income required: £75,000
Estimated minimum deposit required: £34,750

Estimated monthly cost: £1,641

  • Monthly Mortgage: £1,309
  • Monthly Rent: £297
  • Monthly Service Charge: £35

This assumption is made based on a household income with no loans or credit card balances. If you have a lower household income than shown, then higher deposit savings will be required.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as at January 2019.


Key Features

The property comprises:

Ground Floor

  • Entrance: Hallway with storage cupboard and entry phone system leading to…
  • Living Room: (5.5m x 3.6m) Spacious lounge with double doors to garden. Wood laminate flooring.
  • Kitchen: (3.0m x 2.5m) Light brown base and wall units with white worktop and tiled splashback. Integrated oven, hob, and extractor fan. Space for fridge freezer and washer/dryer. Tiled flooring.

First Floor

  • Bedroom 1: (3.6m x 3.1m) Fitted carpet.
  • Bedroom 2: (3.6m x 3.1m) Built in Wardrobe. Fitted carpet.
  • Shower Room: (2.5m x 1.0m) White suite comprising shower, WC and hand washbasin. Vinyl flooring.

Second Floor

  • Bedroom 3: (3.6m x 3.1m) Fitted carpet.
  • Bathroom: (3.6m x 1.7m) White suite comprising panelled bath with shower head, WC and hand washbasin with mirror over. Full height tiling around the bath. Vinyl flooring.

Outside: Off street parking space and Garden.


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Energy Certificate

Accessibility

C – Lifetime Homes

Meets the space standards of the Lifetime Homes developed by the Joseph Rowntree Foundation. Designed to meet the space standards of Lifetime Homes. Main features include a level approach/entrance and wider doorways. This category will capture all new general needs housing built to Lifetime Homes standards. Properties achieving this category will not necessarily meet all Lifetime Homes design guidance as the LAHR framework does not assess features other than space and access. Properties may have an internal flight of stairs. If so, these will be wide enough to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 347,500
Min. £347,500
Share percentage
Min. 50%
Your deposit
Min. £34,750
Monthly cost*
£1,641
Cost breakdown
£297
Rent
£35
Service charge
£1,309
Mortgage*
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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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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.