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Balmes Road

Shared ownership

8 Balmes Road , N1 5TQ

For sale
Shared ownership
Kitchen Area_Pic_ (1)d.jpg
Live from space album cover

from

£147,500

with min. deposit

£14,750

25% Share from
£147,500
Full market price
£590,000
Minimum deposit
£14,750
Monthly rent
£690
Monthly service charge
£247.19
Reservation free
£0
Administration free
£0

2 bedroom flat

Once you have registered your interest, you will receive an email to book your viewing.

Balmes House is a two-bedroom property, purpose built flat on the fourth floor of a thirteen storey building with lift access and an approximate size of 71 m2. The lease remaining on the property is 107 years.

There are good transport links with Essex Station 0.6 miles away, served by National Railway linking to Whitechapel in 7 minutes. A short bus ride away is Angel Station and Old Street Station both serving the Northern Line. Local buses serve the area and the night buses link through Shoreditch into the City.

Local amenities are located just …

Features

Communal Garden

Double Glazing

Lift access

Pets allowed

Wheelchair accessible

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area71.3
Number of floors1
Entrance floor4th floor
Tenurefreehold
EER Current0
EER Potential0

from

£147,500

with min. deposit

£14,750

25% Share from
£147,500
Full market price
£590,000
Minimum deposit
£14,750
Monthly rent
£690
Monthly service charge
£247.19
Reservation free
£0
Administration free
£0
Peabody

Peabody

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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