2 bedroom apartment for sale
Homerton High Street, Homerton, E9 6FU
Share percentage 25%, full price £525,000, £13,125 Min Deposit.
Share percentage 25%, full price £525,000, £13,125 Min Deposit.
Monthly Cost: £1,852
Rent £911,
Service charge £275,
Mortgage £666*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
To be eligible for shared ownership with Hackney Sales, you must be able to answer YES to the following questions:
- Are you at least 18 years of age?
- Is your annual gross household income less than £90,000?
- Are you a first time buyer, i.e. you don’t already own a home? If you do already own a home, have you accepted an offer from a buyer and in the process of selling it?
- Are you unable to afford to buy a home suitable for your housing needs on the open market? If you are not sure, you can speak to an independent mortgage advisor
- Are your current mortgage or rent payments up to date?
- Do you have a good credit history (no bad debts or County Court Judgements), and can you afford the regular payments and cost involved in buying and running a home?
- Do you have savings or are you able to easily access at least £4,000 to cover the costs of buying a home? This is a guideline figure, and the actual amount you need will depend on a number of factors
- Do you have enough savings or are you able to access a minimum 10% of the equity share you are buying, as a mortgage deposit? Or do you have the cash funds available to buy the share without a mortgage?
Summary
Two bedroom apartment with balcony
Description
Two bed apartment in Hackney, E9
We are pleased to release this spacious two double bedroom apartment, located on the 1st floor and offering 71sqm (762 sqft) of living space.
The layout has been carefully considered and includes:
- Utility and storage cupboards
- Open plan kitchen/living/dining room
- East facing private balcony
- Family bathroom
The property also benefits from access to an open green communal space and bike store.
Bridge House is located on Homerton High Street, with a variety of eateries and entertainment venues, such as the Hackney Empire and Hackney Picturehouse close by.
The property is within walking distance of Victoria Park and Hackney Marshes and is in close proximity to the Olympic Park and Westfield Shopping Centre. The development offers good transport links with Homerton and Hackney Central stations less than 10 minutes walk away.
Affordability criteria
To be considered, you will need a minimum household income of £65,000
This is based on the full market value of £525,000 at a 25% share. Service charge per month is £275.22 and Rent per month is £910.87.
All applicants will need to undergo a complimentary affordability assessment prior to booking a viewing.
Transport links
6 minutes walk to Homerton Station
10 minutes walk to Hackney Central Station
Key Features
- Generous balcony
- Landscaped communal gardens
- High specification and carefully considered layout
- Kitchen appliances included
- Neutral interior
- Carpeting to bedrooms, Amtico flooring to remainder
- Cycle storage
- EPC rating - B
- Utility and storage cupboards
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: D
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 £525,000, £13,125 Min Deposit. Calculated using a representative rate of 4.64%
