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313 Essex Road, Islington, London, N1 2EB

Shared ownership

313 Essex Road, Islington, N1 2EB

For sale
Shared ownership
Photo of 313 Essex Road, Islington, London, N1 2EB
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from

£324,500

with min. deposit

£16,225

59% Share from
£324,500
Full market price
£550,000
Minimum deposit
£16,225
Monthly rent
£428
Monthly service charge
£91.85
Reservation free
£300

2 bedroom flat

The property is a two-bedroom, third and top floor flat within a modern building. The bedrooms are a good size with plenty of natural light let in. The bathroom is tiled with a bath and shower, and a good sized fully furnished kitchen is found next to the living space. There is a large living and dining area that leads to a lovely balcony that over looks the communal garden. There is also a significant amount of storage space in the attic. The flat is within easy walking distance of Highbury & Islington and Angel underground stations and Canonbury Overground station, and is in an area that is extremely popular due to its close proximity to …

Features

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area62
Number of floors1
Entrance floor3rd floor
Tenureleasehold
Lease years109
EER Current76
EER Potential76
EIR Current78
EIR Potential78

from

£324,500

with min. deposit

£16,225

59% Share from
£324,500
Full market price
£550,000
Minimum deposit
£16,225
Monthly rent
£428
Monthly service charge
£91.85
Reservation free
£300
Complete Moves

Complete Moves

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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