3 bedroom apartment for sale
Raddon Tower, Dalston Square, London, E8 3GN
Share percentage 45%, full price £685,000, £30,825 Min Deposit.
Share percentage 45%, full price £685,000
Monthly Cost: £2,362
Rent £289, Service charge £430, Mortgage £1,643*
Calculated using a representative rate of 5.13%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A great chance to buy a three-bedroom, shared-ownership apartment. The property is on level 5 and has a large reception room with attractive flooring, open-plan kitchen area, a mirror-fronted storage cupboard and a sliding door leading out onto a south-facing balcony. There is a spacious main bedroom with en-suite shower room plus a good-sized second double bedroom, a slightly smaller third bedroom and a spacious bathroom. An additional storage/utility cupboard has been provided in the entrance hall and well insulated walls, modern double glazing and a communal heating/hot water system make for a very good energy-efficiency rating. Dalston Junction is very close by, Dalston Kingsland only a few minutes further away and Hackney Downs Station, for services into Liverpool Street, also within easy walking distance. Ofsted list five primary schools and two secondary schools within a half-mile radius, all rated either 'Good' or 'Outstanding'.
SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £685,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/yc7rr3vp]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (120 years less 3 days from 03/04/2009).
Minimum Share: 45% (£308,250). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £288.88 per month (subject to annual review).
Service Charge: £429.60 per month (subject to annual review).
Guideline Minimum Income: Dual - £84,100 (minimum share and 10% deposit) | Single - £88,500 (minimum share and 20% deposit).
Council Tax: Band D, London Borough of Hackney. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets may be permitted but only with prior consent from Clarion (which, unfortunately, can only be obtained once you are the property owner). There is no parking space offered with this property.
Key Features
- Guide Dual Income £84.1k 10% deposit £30.8k
- Guide Single Income £88.4k 20% deposit £61.7k
- Level Five (building has a lift)
- Approx. 1009 Sqft Gross Internal Area
- Large, Open Plan Kitchen/Reception
- South Facing Balcony
- Three Good-Sized Bedrooms
- Bathroom plus En-Suite Shower Room
- Very Good Energy Efficiency Rating
- Minutes from Dalston Junction
Particulars
Tenure: Leasehold
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan BrochureThe ‘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 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.
Share percentage 45%, full price £685,000, £30,825 Min Deposit. Calculated using a representative rate of 5.13%
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