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Monteagle Way, London, E5 8PH

Shared ownership

Monteagle Way, London, E5 8PH

Sale under offer
Shared ownership
Photo of Monteagle Way, London, E5 8PH
Live from space album cover

from

£117,250

with min. deposit

£5,863

35% Share from
£117,250
Full market price
£335,000
Minimum deposit
£5,863
Monthly rent
£433
Monthly service charge
£99.3

1 bedroom flat

******PROPERTY IS UNDER OFFER ******

 

The property comprises of an open impressive reception room leading to enclosed kitchen area, one bedroom and fully fitted bathroom, all of which have been finished to a good standard. There is gas central heating and double glazing throughout the property with exceptionally light and airy interiors.

Monteagle Way is a quiet residential street only a short walk from the many shops, restaurants and pubs of Stoke Newington's popular Church Street. Hackney Downs Park and Clissold Park are also within close walking distance of the property.

The property is close to excellent transport links including Rectory …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area44
Number of floors1
Entrance floor3rd floor
Tenureleasehold
Lease years110

from

£117,250

with min. deposit

£5,863

35% Share from
£117,250
Full market price
£335,000
Minimum deposit
£5,863
Monthly rent
£433
Monthly service charge
£99.3
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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