Available through our resale shared ownership scheme, a third floor, two-bedroom apartment in Islington, London.

  

Property description:

The property comprises a wheelchair accessible communal entrance with a double door entry system, lift access, open plan kitchen and reception, kitchen with integrated appliances, private balcony, two large double bedrooms, family bathroom with shower over bath, hallway storage cupboard and thermally broken double-glazing throughout. 

The property also benefits from permit parking.

Key features: 

A quiet residential building with a double door entry system for added security. The apartment is a blend of classic modern styling and elegant design, with plenty of interior comfort. Every aspect of being at home has been considered to create the perfect living environment. The kitchen boasts high-quality integrated appliances including a full height fridge/freezer, ceramic hob and dishwasher. There is a separate utility cupboard with washer/dryer and storage. The thermally broken double-glazing keeps the heat out when it's hot, and in when it's not. The decorative palette of white ash Amtico flooring and dark ash worktops sets the tone for a soft and contemporary mood, with a large, tiled bathroom from Saloni Lino Blanco. The living room has floor to ceiling windows allowing more natural light to flow into the apartment, blurring the line between inside and out. Extending the living space into the outdoors, where the glass balustrades enhance the sense of space, the private balcony enjoys views over the square and is the ideal setting for all weather al fresco entertaining or dinner for two.

EWS1 Available 

Lease: Commenced 2018 with 999-year term

Council Tax Band: Islington Council – E

Approx. Gross Internal Area: 773sq.ft.

LOCAL AREA INFORMATION

  • Islington is consistently one of the most popular boroughs in London and many families live in Packington Square making it a popular and safe neighbourhood. Shops (including the local Co-op) bars and gastro pubs are all within proximity and there are excellent designer shops and restaurants only a short amble from Packington Square to Upper Street.
  • The apartment is a 10minute walk away from Regent's Canal and you can be connected to the heartbeat of the city from Angel Station, just a 15minute walk away.  
  • The larger green area of Shoreditch Park is a 15minute stroll from Packington Square, and it's less than a mile to the City fringe hubs of Shoreditch and Clerkenwell: the world's largest concentration of creative enterprises and the driving force behind London fashion, design, media and start-up industries.

FINANCIAL INFORMATION

Property Value = £735,000

Percentage Share = 25%

Share Price = £183,750

Monthly Ground Rent = £20.83

*Monthly Rent = £783.06 (£856.67 from 1st April 2024)

*Monthly Service Charge = £185.15

**Monthly Mortgage Payment = £1,066

***Annual Household Income = £84,000

*Please note the rent and service charge is reviewed annually 01 April.

** Based on a 90%, 25-year repayment mortgage with an interest rate at 6%.

***Is based on a 10% mortgage deposit. If you have a higher deposit Hyde New Homes can discuss how the salary required is reduced. 

Your home may be at risk if you do not keep up your mortgage and rent repayments. Particulars give an overall description of the property and are not intended to constitute an offer or form part of any contract. Areas, distances or measurements referred to are approximate. For confirmation of property details refer to the terms of the lease and plans from your solicitor. Hyde New Homes Resale properties are sold as seen, photographs and details (excluding financial information) are provided by the leaseholder. Please note that the Resales Team have not visited this property.

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