Flat for sale

Overview

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In the beating heart of Zone 1, City Angel can be found on City Road, a buzzing superhighway connecting leafy, lively Angel with the tech start-ups, bars and restaurants of Old Street. Just a stone's throw from the picturesque waterways of Regent's Canal, living here you'll be tucked away in a sanctuary of calm but within easy reach of all the area has to offer.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% ShareFull market value = £460,000Example 25% share price = £115,000Rent on the remaining unpurchased 'share' of the home = £734pcm (charged at 2.50% of the unsold equity)Estimated service charge = £309pcmWhat 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 informationTenure: LeaseholdLength of lease: 990 yearsAnnual service charge amount: £3,708Service charge review period: AnnualCouncil 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.