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Studio apartment for sale

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City Angel, Siena House, 11 Bollinder Place, EC1V 2AS

£115,000 · Shared Ownership New Build

Share percentage 25%, full price £460,000, £11,500 Min Deposit.

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Studio
Floor plan
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Floor plan
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£115,000 Shared Ownership New Build · Eligibility Eligibility

Share percentage 25%, full price £460,000, £11,500 Min Deposit.

Monthly Cost: £1,636
Rent £734, Service charge £309, Mortgage £593*

Calculated using a representative rate of 4.80%

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Eligibility
-You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property--
Summary

City Angel is a brand new collection of studio and 1-bedroom apartments in Islington.

Description
Reserve and we’ll contribute £2,000 towards your service charge.*

Studio apartments from £115,000 for a 25% share.

City Angel is a brand new collection of studio and 1-bedroom apartments in Islington for those beginning to spread their wings in London’s most exciting part of town.
 
All homes feature contemporary kitchens, modern fittings and fixtures along with underfloor heating throughout. Spacious living areas are connected to private outside space with the majority overlooking the landscaped communal podium garden, providing the perfect environment for relaxation. For more information about City Angel be sure to register your interest.
 
Residents of City Angel will have access to The Regents Club, 250 City Road’s exclusive suite of luxurious on-site facilities. These include a gym, spa, swimming pool, sauna, yoga studio, concierge, and residents’ lounge, with even more to come in 2024.*
 
Discover City Angel
 
A place to reboot and recharge, a place to call home – say halo to City Angel. Located within Islington (Zone 1) at Berkeley’s landmark new development 250 City Road, City Angel offers prime urban living above the buzzing superhighway of City Road that connects leafy, lively Islington to the tech start-ups of Old Street.
 
Cancel the commute, wave goodbye to the suburbs – this is how London-living was meant to be. You’re freed up, ready for a reboot and ready to enjoy all that the City has to offer including Islington, Shoreditch, the City, Clerkenwell, the East End; all within easy reach, with Old Street station 10 minutes walk and Angel tube station 11 minutes away.
 
One or two stops from Angel, and you’ve arrived at one of the UK’s biggest rail hubs, King’s Cross, St Pancras International and Euston. A few stops south and you’re at London Bridge: the Shard, Borough Market, trains to Gatwick. Or the Jubilee line to Canary Wharf for that morning meeting. At City Angel, it’s all about connections and convenience.
 
Shared Ownership cost breakdown - 25% Share
* Full market value = £460,000
* Example 25% share price = £115,000
* Rent on the remaining unpurchased 'share' of the home = £734pcm (charged at 2.50% of the unsold equity)
* Estimated service charge = £309pcm
 
What is Shared Ownership?
 
Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought-after location.
 
Financial information

Tenure: Leasehold
Length of lease: 990 years
Annual service charge amount: £3,708
Service charge review period: Annual
Council tax band: (C, D)
 
Show home images are indicative only. Travel times taken from Google Maps.
 
*For full incentive terms and conditions please visit our website.
 
*Spa, swimming pool, sauna (reopening soon)
Particulars

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

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Floor Plan Brochure
Map
Old Street (0.42 miles) Angel (0.51 miles) Barbican (0.58 miles)
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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 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.

£115,000
Shared Ownership New Build
Estimated Monthly Cost:£1,636
Rent £734
Service Charge £309
Mortgage £593

Share percentage 25%, full price £460,000, £11,500 Min Deposit. Calculated using a representative rate of 4.80%

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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.