2 bed Flat For Sale £590,000
at Terrace Apartments, 40 Drayton Park, London N5

Property reference number: 1638976

This property is located a short walk from Drayton Park and Holloway Road station, offering a multitude of advantages starting with its exceptional transport links. The home's proximity to both the London Underground (Piccadilly Line) and the National Rail network ensures swift and convenient access to key destinations across London. Commuters can effortlessly reach the city center, Heathrow Airport, or connect to other major lines.

The property is also a short walk from Upper Street, the most famous street in Islington known for its vibrant mix of independent shops, local restaurants and bars and larger chain stores. For green spaces, nearby Highbury Fields provides a serene escape for leisure and recreation.

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• Nearest stations: Drayton Park (0.1 miles), Holloway Road (0.4 miles)
• Bus routes nearby: 21, 43, 263, 393

The property comprises:

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• Entrance: Hallway with phone entry system. Carpeted flooring. 
• Living room: Spacious living area with floor-to-ceiling windows offering views of the park from the connected balcony. Carpeted flooring. 
• Kitchen: Open-plan kitchen with brown units, integrated Logik appliances and a stainless-steel splashback. Laminate flooring.
• Bedroom 1: Double bedroom with floor-to-ceiling windows and a fitted wardrobe. Carpeted flooring. 
• Bedroom 2: Double bedroom with floor-to-ceiling windows. Carpeted flooring. 
• Bathroom: White suit comprising panelled bath with shower head over bath, WC and hand washbasin. Full-height tiling around the bath. Dark laminate flooring. 
• Outside: Private balcony and secure cycle storage.

What happens after I register my interest?

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 [use Contact Agent Button] 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. 

Financial information

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• Tenure: Leasehold
• Remaining lease term: 108 years
• Annual ground rent amount: £0
• Ground rent review period: N/A
• Annual service charge amount: £1,429.44
• Service charge review period: Annually in April
• Council tax band: D

*Financial information correct as of 17.10.2023