Share Price £120,000 (from 25% Min. Share)

Full Value £480,000 | £6,000 Min. Deposit

Scheme: Shared Ownership

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L&Q at Ensign Street - 1 bed apartment in Tower Hamlets

place Ensign Street, E1 8ND

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1 bedroom apartment available for £120,000 with Shared Ownership in Tower Hamlets!


Eligibility

You may be eligible for this property if:

  • You have a gross household income of no more than £90,000 per annum.
  • You are unable to purchase a suitable home to meet your housing needs on the open market.
  • You do not already own a home or you will have sold your current home before you purchase or rent.

Description

L&Q at Ensign Street in Tower Hamlets

Plot B-04-03

Buy your first home in Tower Hamlets, East London.

1 bedroom 4th floor apartment offering 50 sq.m of internal floor area with outdoor space.

£120,000 for a 25% share of £480,000 and a deposit as low as £6,000 and a minimum income of £54,983.

Located a stone's throw from the City of London and the waterside districts of St Katherine's and Wapping, the exclusive apartments are ideal for London city workers and first time buyers looking to enjoy the bustle of Zone 1 London living. Close to central London’s landmarks and green spaces, and located in the vibrant East End district, buyers will experience the best of the capital at Ensign Street.

Ensign Street offers the rare opportunity for first time buyers to own a home in London’s Zone 1 location. The apartments enjoy south facing views towards the river and docks, and have been designed with contemporary and comfortable living in mind. Carefully and stylishly designed to match the buzzing surroundings. With only the last 1 bedroom home remaining through Shared Ownership be sure not to miss out with your chance to live in this sought-after location.

Less than a 15 minute walk from the development are some of London’s greatest landmarks, including the Tower of London and Tower Bridge, as well as the buzzing business district of the City. Weekends could be spent enjoying a lunch by the harbour at St Katherine Docks, located just 200m away, or browsing the world famous Spitalfields Market. Nearby Brick Lane is famed for its curry houses and lively night scene, and art and music enthusiasts can enjoy close proximity to the Whitechapel Gallery and Wilton’s Music Hall. For some fresh air, the River Thames is less than 10 minutes away on foot, whilst nearby green spaces include Swedenborg Gardens, Tower Hill Garden and St George’s Gardens. Cycling enthusiasts have Cycle Superhighway 3 passing right by the development, providing a safe and fast route all the way to Lancaster Gate, via the West End.

With great transport links, residents have all of London at their fingertips. Tower Gateway DLR, Tower Hill tube station and London Fenchurch Street station are all less than a 15 minute walk away, while Canary Wharf can also be reached in less than 20 minutes via the DLR from Shadwell Overground station.

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*Terms and conditions apply


Key Features

  • Residents only, landscaped courtyard & roof terrace
  • A short walk to Tower Gateway and Tower Hill Tube Station (Zone 1)
  • Close to St Katharine’s Docks and Tower Bridge
  • On site cycle storage

Download Documents

Link to the floor plan Property brochure 1
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Calculate Monthly Cost

Share price
£ 120,000
Min. £120,000
Share percentage
Min. 25%
Your deposit
Min. £6,000
Monthly cost*
£1,559
Cost breakdown
£780
Rent
£200
Service charge
£579
Mortgage*
Calculated using a representative rate of 3.64%
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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.