SHARED OWNERSHIP

Marlborough Road - Third Floor

SHARED OWNERSHIP

Marlborough Road - Third Floor

Register interest

Property reference number: 1638973

This fantastic 1-bedroom property is located on the third floor in a three-storey apartment block in Islington, offering excellent transport links with Upper Holloway, Archway and Finsbury Park stations all nearby.

Local amenities are located 0.2 miles away along Hornsey Road. For leisure and enjoyment, Bars and Restaurants are within 0.3 miles. Finsbury Park and Hampstead Heath are both within walking distance from the apartment.

  • Nearest Station: Upper Holloway (0.4m), Archway (0.6m) and Finsbury Park (1.1m)
  • Bus routes nearby: 91 and 210

The property located on the third floor comprises:

  • Entrance: Hallway with a video entry phone system leading to;
  • Living Room: Spacious living area with a large storage cupboard, lots of natural light and full-length window leading to a modern open-plan kitchen. Carpeted flooring.
  • Kitchen: White base and wall units with dark grey worktop and tile backsplash and stainless-steel behind hob. Integrated hob, oven. Large windows, space for a dining table. Light grey linoleum flooring
  • Bedroom one: Double Bedroom. Woolmix carpeted flooring.
  • Bathroom: White suite comprising panelled bath with overhead shower area, WC and hand washbasin with shelving and mirror over. Light grey linoleum flooring.
  • Outside: Locked cupboard and cycle storage on the ground floor
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 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.  

Financial information
  • Tenure: Leasehold
  • Remaining Lease Term: 111 Years
  • Annual ground rent amount: £0
  • Ground rent review period: No ground rent until final staircasing
  • Annual service charge amount: £1,598.64
  • Service charge review period: 1st April annually
  • Council tax band: Band C
Financial information correct as of 26.09.2023

Financials*

Full Value

£385,000

Share Price

£308,000

Share Value

80%

Monthly Cost

£1,474

Monthly Mortgage

£1,169

Monthly Rent

£162

Monthly Service Charge

£143

Minimum Household Income

£63,000

Maximum Household Income

£90,000

Deposit Required

£30,800

*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

180 Marlborough Road, Islington, London, Islington, N19 4NL Open in Google Maps

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Transport

Education

Food and Drink

Leisure

Retail

Worship

Healthcare

Next steps

To book a property viewing, please register your interest and we will email you details on how to book online. Alternatively you can get in touch directly with our Resident Sales Team using the link below.

Register Your Interest...

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