Share Price £364,000 (from 65% Min. Share)

Full Value £560,000 | £18,200 Min. Deposit

Scheme: Shared Ownership Resales

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3 bedroom apartment in Hackney - Hackney

place 9 Cresset Road, E9 6FS

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3 bed first floor apartment


Eligibility

Any potential buyer will need to be eligible for shared ownership and will need to be assessed and approved by Sanctuary Housing Association as suitable for shared ownership.


Description

The property comprises a first floor , 3-bedroom, purpose built flat situated within an established residential area fairly close to the local amenities. The accommodation provided by the Flat is 1 open plan reception/kitchen, 3 Bedrooms, 1 bathroom


Key Features

Hackney is the creative heart of London and arguably the city’s coolest neighbourhood. It is full of enterprise from local cafes and restaurants, to art studios, micro-breweries, independent shops and markets. There is a youthful energy to the borough, as well as a hugely diverse population. It’s also a great place for families, with lots of amazing parks like Victoria Park and London Fields, plus a city farm and other child-friendly activities. Within walking distance of Hackney Walk designer shops, Chatsworth road and Broadway market, there is something for everyone


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Calculate Monthly Cost

Share price
£ 364,000
Min. £364,000
Share percentage
Min. 65%
Your deposit
Min. £18,200
Monthly cost*
£2,239
Cost breakdown
£261
Rent
£221
Service charge
£1,757
Mortgage*
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Location

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.