1 bed Flat For Sale, Flat 15, 50 Hacon Square, Richmond Road, London E8

Description

If you are unable to buy a property outright on the open market, then Shared Ownership could be the ideal solution for you. It is a part-buy, part-rent scheme, which enables purchasers to buy an initial share of usually between 25% and 75% the value of the property and pay a subsidised rent on the remainder. A service charge may also be payable to cover the cost of communal maintenance. Shared Ownership properties are designed as a stepping stone to completely owning your own home, allowing you to buy as much as you can afford when you can afford it.

A resale is a Shared Ownership property that the current owner bought new from us or as a resale. Buying a resale property makes you an owner-occupier because you are buying at least the current owner's share on the existing lease. The great thing about choosing to buy a re-sale shared ownership property is that it gives you the opportunity to speak to the previous owner and to find out more about the area.

A charming one bedroom apartment located on the 1st floor of a gated development. The accommodation comprises; hallway, kitchen, reception room, double bedrooms and bathroom. The property benefits from a balcony accessed via the reception room.

Property Value: £405,000
Minimum Share: 35%
Share Value: £141,750
Lease Term - 82 years (approx.)
Rent pcm - £539.93
Service charge pcm - £119.32
Gross internal area: 457 sq.ft / 42.5 sq.m
EPC Rating: C
Council Tax Band: C

Hacon Square is located on the south side of Richmond Road a short distance from London Fields park. There is a variety of local shops, cafes and restaurants located nearby particularly in Mare Street and Broadway Market. Hackney Town Hall, the Central Library and the Hackney Empire Theatre are all located within walking distance. The area is well served by nearby bus routes and by overground trains from London Fields and Hackney Central stations providing good public transport links to and from Liverpool Street/the City, Canary Wharf and the West End.

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1 bed Flat For Sale £141,750 Flat 15, 50 Hacon Square, Richmond Road, London E8

1 bed Flat For Sale £141,750
Flat 15, 50 Hacon Square, Richmond Road, London E8