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FLAT 29 East Studios, Gainsborough Studios, Poole Street, London, N1 5ED

Shared ownership

East Studios, Gainsborough Studios, Poole Street, London, N1 5ED

Sale under offer
Shared ownership
Photo of FLAT 29 East Studios, Gainsborough Studios, Poole Street, London, N1 5ED
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from

£232,500

with min. deposit

£23,250

50% Share from
£232,500
Full market price
£465,000
Minimum deposit
£23,250
Monthly rent
£371
Monthly service charge
£292.96

1 bedroom flat

This brilliant property located in Londons postcode N1, and within walking distance from London City, has just hit the market. The property is a spacious 1 bedroom flat found on the second floor.
As you enter the property you will see the open planed living and kitchen area with floor-to-ceiling wood-framed windows with a view of Regent's Canal. This space is perfect for entertaining guests and there is more than enough room for a dining area. The kitchen has a clean modern finish with the benefit of modern appliances including an extractor fan. The double bedroom is a great size with plenty of room for storage and the bathroom benefits from …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area51
Number of floors1
Entrance floor2nd floor
Tenureleasehold
Lease years80
EER Current82
EER Potential82
EIR Current73
EIR Potential73

from

£232,500

with min. deposit

£23,250

50% Share from
£232,500
Full market price
£465,000
Minimum deposit
£23,250
Monthly rent
£371
Monthly service charge
£292.96
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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