Studio for sale
Key information
Property description & features
- Tenure: Leasehold
- Shared Ownership
- INCREDIBLE facilities, including a spa and cinema room..
- Last remaining plots.
- Up to £4,000 towards service charge payments for 12 months.
- Balcony to all plots.
- Angel and Old Street tube stations are both under a 12 minute walk away.
Residents at City Angel have access to The Regents Club, a suite of exclusive on-site amenities. Enjoy an invigorating gym session, unwind in the sauna, dive into the refreshing swimming pool, or find serenity in the yoga studio*, all just a few steps away from your front door. With even more amenities to come this year, including a games room and cinema room, City Angel ensures every day feels like a luxurious escape.
Everything you need is on your doorstep. Angel and Old Street tube stations are both under a 12-minute walk away. From here the UK’s biggest rail hubs, King’s Cross St Pancras International and Euston are just one or two stops away, where you can catch trains to almost anywhere in the UK as well as the Eurostar to Paris and Brussels. A 21-minute walk or short Uber to Farringdon gets you to Heathrow in as little as 36 minutes on the Elizabeth Line.
Studio apartments from £115,000 for a 25% share.
Shared Ownership cost breakdown - 25% Share
Full market value = £460,000
Example 25% share price = £115,000
Rent on the remaining unpurchased 'share' of the home = £734pcm (charged at 2.50% of the unsold equity)
Estimated service charge = £309pcm
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
Length of lease: 990 years
Annual service charge amount: £3,708
Service charge review period: Annual
Council tax band: (C, D)
City Angel - Up to £4,000 towards service charge payments for 12 months*
1. Incentive available for reservations on studio apartments only.
2. Monies up to the stated value of the incentive will be available in the form of cashback and deducted from the completion.
3. No cash or BACS payment will be made to purchasers.
4. Value of incentive capped at £4,000.
5. Incentive payable upon completion of property sale contracts.
6. Purchaser will be responsible for assigning monies to the value of this incentive accordingly.
7. Incentive available per individual household/home sold and cannot be used in conjunction with any other offer.
8. Offer valid on reservation taken from 1 September - 31 October 2024.
9. Additional retailer / provider T&Cs may apply.
10. Eligibility and affordability criteria will apply - speak to the Sales team for more details.
11. Incentive to be managed at the discretion of the Peabody New Homes Sale Team.
12. Prices and details correct from September 2024.
Rooms
Disclaimer
Felicity J Lord Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
Felicity J Lord Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
Places of interest
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*DISCLAIMER
Property reference FJL961100306. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Felicity J Lord - New Homes.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on June 27, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on June 27, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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