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Heddington Grove, Islington, London, N7 9SY

Shared ownership

Heddington Grove, Islington, London, N7 9SY

Sale under offer
Shared ownership
Photo of Heddington Grove, Islington, London, N7 9SY
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from

£77,500

with min. deposit

£3,875

25% Share from
£77,500
Full market price
£310,000
Minimum deposit
£3,875
Monthly rent
£506
Monthly service charge
£26.15

1 bedroom flat

A well presented one bed apartment with a neat and elegant finish. Situated in a quiet cul-de-sac location.                                                

This well proportioned apartment is situated on the first floor. There is also a communal garden space at the rear of the flat. Apartment benefits from a reception room, separate kitchen, one bedroom , bathroom and storage space.

Property is situated within walking distance to Holloway Road and Caledonian Road  stations. Local bus links giving the convenient transport links to get in and around London.

Local area information

Islington is a highly sought after area of London to live in.

The …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area36
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years156

from

£77,500

with min. deposit

£3,875

25% Share from
£77,500
Full market price
£310,000
Minimum deposit
£3,875
Monthly rent
£506
Monthly service charge
£26.15
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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