1 bedroom apartment for sale
91 Barrett's Grove, London, N16 8AR
Share percentage 25%, full price £455,000, £5,688 Min Deposit.
Share percentage 25%, full price £455,000, £5,688 Min Deposit
Monthly Cost: £1,575
Rent £782,
Service charge £175,
Mortgage £618*
Calculated using a representative rate of 4.78%
Calculate estimated monthly costs
Summary
A brand new 1 & 2 bedroom homes available for shared ownership purchase.
Description
Located in the heart of Dalston between Shoreditch and Stoke Newington, offering easy transport links and a wide variety of local amenities.
These well-specified apartments are positioned on the upper two floors of a small block just 40m from Stoke Newington Rd.
Shared ownership is the easier way to have a home of your own, rather than renting with no return. You buy the financial share that works for your budget and pay an affordable monthly fee to us for the bit you haven't bought. You need a smaller deposit, as it's based on the price of the share you buy, rather than the full value. And, just like owning outright, when you want to move on you simply sell your share for its market value at that time. Or, when you're ready, you can buy more shares...until it's all yours.
Initially you can buy between 25%-75%, according to what you can afford. Some round-number examples, based on a home with a full market value of £455,000
25% share = £113,750 (Your 5% deposit would be £5,688; your monthly mortgage £545* and your monthly fee £782 = £1327/month)
50% share = £227,500 (Your 5% deposit would be £11,375; your monthly mortgage £1091* and your monthly fee £521 = £1612/month)
75% share = £341,250 (Your 5% deposit would be £17,062; your monthly mortgage £1636* and your monthly fee £261 = £1897/month)
It really works, with hundreds of thousands of people across the country having already 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 5% and a term of 35 years. Please note, rates and criteria vary. A service charge is payable in addition to the above.
Key Features
- Tasteful Symphony ‘Linear’ kitchens with a full range of integrated appliances and quartz-style sink
- Washer-dryer to ‘Utility’ cupboard
- Modern bathroom finishes with Saloni wall & floor tiling and thermostatic showering
- Karndean flooring throughout, with Cormar carpeting to bedrooms
- Built-in wardrobe to main bedroom
- Balcony or terrace to each apartment
- Upper floor position
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms: 1
Furnished: Enquire with provider
Washing Machine: Yes
Dishwasher: Yes
Fridge/Freezer: Yes
Parking: No
Outside Space/Garden: No
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £455,000, £5,688 Min Deposit. Calculated using a representative rate of 4.78%
