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Shared ownership
£115,000

Studio for sale

City Angel Shared Ownership at City Angel, 250 City Road, Islington EC1V
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New build
Added today
Studio
Added today

Key information

TenureLeasehold | unconfirmed share | unconfirmed yrs left
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Leasehold
  • Zone 1 living
  • Council tax band D
  • Excellent travel links
  • Premium amenities
  • Resident's gym
  • Deposits from £11,500
  • Resident's yoga studio
  • Private balcony

Live in Zone 1 from £1,316 a month with your service charge covered! Enjoy lower monthly costs for up to 18 months - get up to £6,000 towards your service charge when you reserve this winter.

 

City Angel is a brand-new collection of studio apartments in Islington for those beginning to spread their wings in London’s most exciting part of town. 

  
All homes feature contemporary kitchens, modern fittings and fixtures, with underfloor heating throughout. Spacious living areas are connected to private outside space with many homes overlooking the landscaped communal podium garden, providing the perfect environment for relaxation.

 
Residents of City Angel benefit from access to The Regents Club, an exclusive suite of luxurious on-site facilities including a gym, spa, swimming pool, sauna, yoga studio, and concierge, with even more to come in 2024.* 
 
Plus, benefit from excellent transport links with Old Street and Angel Stations both just a 10-minute walk away serving the Victoria, Northern and Elizabeth lines as well as Overground and National Rail services.  
 
Why buy at City Angel? 
 
- Spacious, open-plan living
- Fully integrated kitchens and bathrooms 
- Private balcony 
- Well-connected Zone 1 location, close to Old Street and Angel stations 
- Residents’ gym, spa, swimming pool, sauna, yoga studio, concierge & more

 

When you buy at City Angel this winter, we'll give you up to £6,000 to use towards your service charge payments bringing your monthly down so you can make the most of everything Islington has to offer.*

 

Shared Ownership cost breakdown - 25% share*
- Full market value = £460,000
- 25% share price = £115,000

- Deposit required = £11,500
- Estimated monthly mortgage = £588pcm

- Estimated monthly rent = £719pcm
- Estimated monthly service charge = £309pcm

 

Shared Ownership cost breakdown - 40% share*
- Full market value = £460,000
- 40% share price = £184,000

- Deposit required = £18,400
- Estimated monthly mortgage = £922pcm

- Estimated monthly rent = £575pcm
- Estimated monthly service charge = £309pcm

 

Financial information
Tenure: Leasehold
Length of lease: 990 years
Annual service charge amount: £3,710
Service charge review period: Annual
Council tax band: (C, D)

 

What is Shared Ownership?

Shared Ownership is a government-backed part buy, part rent scheme that helps you to purchase a home that otherwise may not have been affordable. Through Shared Ownership, you can purchase a ‘share’ of a home, typically between 25% and 75%, and pay rent on the remaining amount. Then, over time, you can purchase more shares all the way up to 100%, or simply sell your home on the open market. 
 
What's more, your deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable when compared to buying a home outright.  
 
Register your interest or search “Peabody New Homes Shared Ownership” to find out more. 

 

Disclaimers & T&Cs

*Amenity CGIs are indicative only and property of Berkeley Homes. Games room and cinema room coming soon,

*Travel times taken from Google Maps.

*Shared Ownership cost breakdowns and financial information provided is estimated and will differ based on individual circumstances and the specific home reserved. 

 

*£6,000 service charge incentive available on reservations from 9th December 2024 - 28 February 2025. Peabody will contribute a total of up to £6,000 as a one-off deduction when your home completes. This incentive is available on studio apartments only. Additional T&Cs, affordability and eligibility criteria may apply. For full T&Cs visit the Peabody New Homes website offers page or speak to our sales team.

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About this developer

Peabody - City Angel Shared Ownership
Peabody - City Angel Shared Ownership
City Angel 250 City Road, Islington EC1V 8DJ
020 7768 0989
Full profileProperty listings
Discover City Angel   Located within Islington in Zone 1 at Berkeley’s landmark new development 250 City Road, City Angel offers prime urban living above the buzzing superhighway of City Road that connects leafy, lively Islington to the tech start-ups of Old Street.    Cancel the commute, wave goodbye to the suburbs – this is how London living was meant to be. You’re freed up, ready for a reboot and ready to enjoy all that the City has to offer including Islington, Shoreditch, the City, Clerkenwell, and the East End; all within easy reach, with Old Street and Angel stations both under an 11-minute walk away. J   What you get at City Angel:    - Studio homes with contemporary kitchens, spacious living areas and private outside space  - Available through Shared Ownership  - Located in a desirable Zone 1 location between Angel and Old Street stations  - The Regents Club, an exclusive resident-only range of on-site facilities including a gym, spa, swimming pool, sauna, yoga studio, concierge and lounge – with more to come   Register your interest to book a viewing and find out more. 
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