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9 Monro Way, Lower Clapton, London E5 8NY

Shared ownership

Monro Way, London, E5 8NY

Sale under offer
Shared ownership
Photo of 9 Monro Way, Lower Clapton, London E5 8NY
Live from space album cover

from

£108,750

with min. deposit

£5,438

25% Share from
£108,750
Full market price
£435,000
Minimum deposit
£5,438
Monthly rent
£507
Monthly service charge
£108.13

2 bedroom flat

This property has plenty of potential and is a great size for a 2 bedroom flat. The bedrooms are booth double and can hold plenty of space for storage. The living area is very large with plenty of room for a big family room and extra space for a small desk and study area. The kitchen is separate from the living area which is rare for many London flats and has room for a dining area. The flat has one family bathroom.

Hackney Downs Park is just outside this property it is a great green space with play area, basketball, football and tennis facilities and seasonal athletics track. A short 10 minute walk through Hackney Downs Park and you will …

Features

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area63
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years80

from

£108,750

with min. deposit

£5,438

25% Share from
£108,750
Full market price
£435,000
Minimum deposit
£5,438
Monthly rent
£507
Monthly service charge
£108.13
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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