SHARED OWNERSHIP
Landsdowne Court - Second Floor
(Share Price (75%) - £367,500
Full Value Price £490,000
SHARED OWNERSHIP
Landsdowne Court - Second Floor
(Share Price (75%) - £367,500
Full Value Price £490,000
- Nearest Station: Archway
- Bus routes nearby: Various bus routes into central London
- Entrance: Hallway with a boiler cupboard. Video phone entry system.
- Kitchen: White units, dark brown worktops, integrated appliances. Ample cupboard storage. High quality laminate flooring. Zanussi appliances in great condition.
- Living area: Bright and spacious living area with lots of natural light. High quality laminate flooring.
- Bedroom one: Double bedroom. High quality laminate flooring.
- Bedroom two: Double bedroom. High quality laminate flooring.
- Bathroom: White bathroom suite with bath/shower, hand washbasin and WC. Tiled around the bath/shower, hand washbasin and WC. Tiled flooring.
- Outside: Private balcony and secure cycle storage.
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a 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, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
What is Resale Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, 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 homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.
Remaining Lease Term: 114 Years
Annual ground rent amount: £0
Ground rent review period: No ground rent to pay until final staircasing
Annual service charge amount: £2,279.76
Service charge review period: 1st April annually
Council tax band: Band D
Financials*
Full Value
£490,000
Share Price
£367,500
Share Value
75%
Monthly Cost
£2,260
Monthly Mortgage
£1,884
Monthly Rent
£186
Monthly Service Charge
£190
Minimum Household Income
£90,000
Maximum Household Income
£90,000
Deposit Required
£46,000
*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
Landsdowne Court, 161 Fairbridge Road, London, Islington, N19 3HS Open in Google Maps