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Macclesfield Road - Islington

Shared ownership

Macclesfield Road, Islington, EC1V 8DJ

For sale
Photo of Macclesfield Road - Islington
Photo of Macclesfield Road - Islington
Photo of Macclesfield Road - Islington
Photo of Macclesfield Road - Islington
Photo of Macclesfield Road - Islington
Photo of Macclesfield Road - Islington
Photo of Macclesfield Road - Islington
Live from space album cover

1 bedroom flat

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

Macclesfield Road is a spacious Studio located on the second floor within a seven storey apartment block built around 2018. The lease remaining on the property is 123 years.

There are good transport links with Angel station 0.5 miles away is served by the tube and Old Street 0.4 miles away, served by the tube and National Rail; Local buses serve the area and the night buses link to Central London.

Close to Shoreditch Park and the City Basin. Regents Canal is across the road

Nearest Station: Angel & Old Street
Bus routes nearby: 43, 205, 214, 394

Features

Bedrooms1
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold

from

£141,000

with min. deposit

£14,100

30% Share from
£141,000
Full market price
£470,000
Minimum deposit
£14,100
Monthly rent
£533
Monthly service charge
£190
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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