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£49,000
2-bedroom apartment available through Shared Ownership Resale in Shoreditch! Ready to move into!
You can apply to buy the home if all of the following apply:
- your household income is £90,000 or less
- you cannot afford all of the deposit and mortgage payments to buy a home that meets your needs
One of the following must also be true:
- you're a first-time buyer
- you used to own a home but cannot afford to buy one now
- you're forming a new household - for example, after a relationship breakdown
- you're an existing shared owner, and you want to move
- you own a home and want to move but cannot afford to buy a new home for your needs
If you own a home, you must have completed the sale of the home on or before the date you complete your shared ownership purchase.
As part of your application, your finances and credit history will be assessed to ensure that you can afford and sustain the rental and mortgage payments.
2-bedroom apartment available through Shared Ownership Resale in Shoreditch! Ready to move into!
303 Giles Court is situated on the third floor, and features two spacious bedrooms, a large fitted kitchens with integrated appliances, open living spaces, built-in wardrobes to master bedrooms, modern bathrooms, and private balconies to each apartment.
Key Features
- Two spacious double bedrooms
- Built in wardrobe to master bedroom
- Energy efficient home - EPC Rating: B
- 990-year lease
- Excellent transport links from Shoreditch High Street and Hoxton Stations, both within walking distance
- Contemporary fully fitted kitchen with integrated appliances
- Private balconies to all apartments
- Beautiful communal courtyard
- Energy efficient home: EPC Rating B
- Walking distance from Shoreditch Box Park and high street, including an abundance of restaurants and bars
Key Information
Tenure: Shared Ownership
Available Shares from: 25%
Full Market Value: £490,000
Share Value (initial purchase) from: £122,500
Rent (on unsold equity): £842
Service Charge: £213 per month
Lease Length: 990 years
Council Tax Band: D
EPC Rating: B
Please note that higher shares may be available to purchase. The final share amount will be discussed and agreed upon during your financial assessment.
Development & Location
Located in the heart of Shoreditch, this development offers convenient travel connections from both Shoreditch High Street, and Hoxton Station, as well as an abundance of shops, restaurants, bars, and activities on your doorstep. The area also boasts excellent green spaces such as Shoreditch Park, ideal for weekend walks or outdoor activities.
Eligibility
Shared Ownership is designed to help first-time buyers and those who do not currently own a home get onto the property ladder.
To be eligible, you must:
- Have a household income of under £90,000
- Be unable to purchase a suitable home on the open market
- Have a good credit history and be able to obtain a mortgage
Shared Ownership is a government-backed scheme that helps people get on the property ladder. You start by buying just a share of your home. You'll typically only need a 5% deposit of the share you purchase, making it more affordable to get started. Buying a smaller share also means it can be easier to secure a mortgage and take your first step onto the property ladder.
You can buy more shares of your home at any time in the future, working towards owning your home outright.
You can add locations as 'My Places' and save them to your account. These are locations you wish to commute to and from, and you can specify the maximum time of the commute and by which transport method.
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