3 bedroom apartment for sale
Compass House, 11 Raine Street, E1W 3AU
Share percentage 25%, full price £585,000, £14,625 Min Deposit.
Share percentage 25%, full price £585,000, £14,625 Min Deposit.
Monthly Cost: £2,115
Rent £1,071,
Service charge £414,
Mortgage £630*
Calculated using a representative rate of 3.09%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £82,072. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £14,625. Total approximate savings required £18,625.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
3 Bedroom 3rd floor flat with External balcony area based in Wapping
Description
The property is a three bedroom flat located on the third floor of a modern purpose-built residential development in Wapping. There are shared ownership units and affordable rent (social housing). It is situated in an established and desirable mixed residential and commercial location close to Canary Wharf.
Accommodation
Internally
Ground Floor: Communal Entrance Hall with passenger lift.
Third Floor: Hallway, Lounge/ Kitchen, Three Bedrooms, Bathroom with WC.
Externally: The subject property has use of a balcony.
GIA
77 sq.m
EPC rating
C
Length of lease
117 Years Remaining
Borough
Tower Hamlets
Key Features
- 3 Bed property
- External balcony
- Communal Grounds
- Close proximity to Health care centre, Local shops, Cafes, Coffee bars and parks.
- Walking Distance to Northern line underground and south west railway overground.
- Number of scheduled Bus Routes nearby
Property Downloads
Floor Plan Energy CertificateMap
The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.
- 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.
Share percentage 25%, full price £585,000, £14,625 Min Deposit. Calculated using a representative rate of 3.09%
