SHARED OWNERSHIP
Cypress Close
Cypress Close, Hackney, London, Hackney, E5 8RB
Resale Shared Ownership
(Share Price (30%) - £123,000
Full Value Price £410,000
(Share Price (30%) - £123,000
Full Value Price £410,000
2 Bedrooms
1/8
SHARED OWNERSHIP
Cypress Close
Cypress Close, Hackney, London, Hackney, E5 8RB
Resale Shared Ownership
(Share Price (30%) - £123,000
Full Value Price £410,000
(Share Price (30%) - £123,000
Full Value Price £410,000
2 Bedrooms
Property reference: 1638947
Cypress Close is a ground floor, 2-bedroom apartment with a patio & parking, situated in Clapton. Offering a bright open-plan living / dining room with doors opening out onto a patio.
With excellent transport links nearby, including Clapton Station, commuting to the city centre is effortless.
Additionally, the local amenities, quaint cafes, and parks offer a diverse range of leisure options for residents to enjoy. This apartment presents an ideal opportunity for those seeking a harmonious blend of urban convenience and suburban charm.
- Nearest Station: High Barnet Underground Station - 0.3 miles away
The property located on the second floor comprises:
- Entrance: Hallway with a large storage cupboards with shelves and video entry phone system.
- Living room: Spacious lounge with lots of natural light with a large door leading out to the patio. Wood laminate flooring.
- Kitchen: White MDF units with Beige MDF worktop and tiled splashback. Integrated appliances in good condition. Blue linoleum flooring.
- Bedroom one: Double bedroom with fitted wardrobe looking out on to plants and the estate. Beige carpeted flooring.
- Bedroom two: Double bedroom with fitted wardrobe looking out on to plants and the estate. Beige carpeted flooring.
- Bathroom: White suite comprising partially tiled bath with shower head, WC, hand washbasin with mirror over. Purple linoleum flooring.
- Outside: Patio with access via lounge.
What happens after I register my interest?
After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Shared Ownership?
Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.
Financial information
- Tenure: Leasehold
- Remaining lease term: 107 Years
- Annual ground rent amount: £0
- Ground rent review period: N/A
- Annual service charge amount: £2,436
- Service charge review period: 1st April annually
- Council tax band: C
Financial information correct as of 21.11.2023
Floorplan
Financials*
Full Value
£410,000
Share Price
£123,000
Share Value
30%
Monthly Cost
£1,431
Monthly Mortgage
£663
Monthly Rent
£566
Monthly Service Charge
£202
Minimum Household Income
£51,000
Maximum Household Income
£90,000
Deposit Required
£12,300
*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.
Location
Cypress Close, Hackney, London, Hackney, E5 8RB Open in Google Maps
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