Share Price £152,250 (from 35% Min. Share)

Full Value £435,000 | £7,613 Min. Deposit

Scheme: Shared Ownership Resales

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Resales - 2 bed apartment in Tower Hamlets

place Tramway Court, 3 Candle Street, E1 4RR

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L&Q Group

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Two bedroom first floor apartment


Description

SHARED OWNERSHIP

Full market value – £435,000

You pay (35%) - £152,250

Monthly rent – £613.61

Service charge - £144.91

Ground rent payable- £0

125year lease commenced in 01/04/2007 (114 years remaining)

Please note that at the current time, EWS1 certification is not available for this property. More information can be found on the LQ Group website by searching “EWS1”

Situated between the business districts of Canary Wharf and the City Tramway Court is in a highly sought-after residential location just moments from all shopping amenities, bars and restaurants.This superb location offers the green space of Mile End Park, Victoria Park and Regents Canal nearby and has excellent transport links to the City and Canary Wharf via Central line at Mile End, district line at Stepney Green and the DLR from Limehouse.

The buyer will require a deposit to obtain a mortgage for this property.

To meet the requirements for this property we require as a guideline, a minimum household income of £49,085 If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.

Only applicants who are registered with London and Quadrant will be eligible to be offered the property for our schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.

Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.

These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as atSeptember 2020.


Key Features

  • Living area open plan to kitchen and with doors to juliette balcony.
  • Kitchen fitted with mahogany units and dark grey worktops. Includes integrated oven, hob & extractor fan with spaces for a fridge freezer & and washer dryer.
  • Two double bedrooms, master with fitted wardrobes.
  • Large hallway storage cupboard.
  • Bathroom fitted with white suite and an over bath shower.

Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 152,250
Min. £152,250
Share percentage
Min. 35%
Your deposit
Min. £7,613
Monthly cost*
£1,518
Cost breakdown
£614
Rent
£145
Service charge
£759
Mortgage*
Calculated using a representative rate of 3.94%
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Location

Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • Rent: this is charged on the share you do not own and is usually payable to a housing association (rent is not generally payable on shared equity schemes)
  • Service Charge: covers maintenance costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.