SHARED OWNERSHIP

Riversdale Road - Islington

SHARED OWNERSHIP

Riversdale Road - Islington

Register interest

Once you have registered your interest, you will receive an email to book your viewing.

171 Riversdale Road is a two-bedroom property located on the top floor of this four-storey apartment block built around 2012. The lease remaining on the property is 115 years.

There are good transport links with Arsenal underground only 0.6 miles away, and Finsbury Park station 0.7 miles away. There are also numerous local buses and the night buses link to Central London.

Local amenities are located only 0.1 miles away, such as  Clissold Park, Church street bars shops and restaurants. 

  • Nearest Station: Finsbury Park station 0.7 miles
  • Bus routes nearby: 341, 141, 393, 19, 4, 236

The property located on the ground floor comprises:

  • Entrance: Hallway with two large fitted storage cupboards. Oak veneer flooring.
  • Living Room: Spacious living area, open plan to kitchen and floor to ceiling windows.
  • Kitchen: High gloss white laminated wood units with marble grey effect vinyl-covered worktop and white gloss tiles. Indesit integrated appliances; fridge freezer, dishwasher and washer/dryer.
  • Bedroom 1: Double Bedroom with floor to ceiling window with views of the park and fitted wardrobe. Cream carpet flooring.
  • Bedroom 2: Double Bedroom with floor to ceiling window with views of the park and fitted wardrobe. Cream carpet flooring.
    Bathroom: White suite comprising panelled bath with shower head over bath, WC and hand washbasin with large mirror and light. Full height tiling around the bath. Heated towel rail. Cream tile flooring.
  • Outside: Communal Garden 7 balcony. 

 What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the 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 after checking here, please contact Peabody.resales@peabody.org.uk and our team will be able to help you.

What is Shared Ownership?

Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, 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 high-spec homes even more affordable in such a sought after location.

Financial information

  • Tenure: Leasehold
  • Remaining Lease Term: 115 Years
  • Annual ground rent amount: £250 p.a.
  • Ground rent review period: 1st January annually
  • Annual service charge amount: £2,347.92
  • Service charge review period: 1st April annually
  • Council tax band: Band D

Floorplan

floorplan

Financials*

Full Value

£545,000

Share Price

£190,750

Share Value

35%

Monthly Cost

£1,345

Monthly Mortgage

£770

Monthly Rent

£379

Monthly Service Charge

£196

Minimum Household Income

£48,000

Maximum Household Income

£90,000

Deposit Required

£19,075

*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 sales team for more details.

Location

171 Riversdale Road, London, Islington, N5 2SU Open in Google Maps

map

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...

Before submitting your details, please read the terms and conditions, and read how we will use your personal information as described in the privacy policy.