1 bedroom apartment for sale


47 Cherrywood Close, E3 2DQ

£160,000 · Shared Ownership Resale

Share percentage 40%, full price £400,000, £16,000 Min Deposit.

1 bedroom
1 Bathroom
£160,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £400,000, £16,000 Min Deposit.

Monthly Cost: £1,382
Rent £372, Service charge £231, Mortgage £779*

Calculated using a representative rate of 4.24%

Calculate estimated monthly costs


Household income must not exceed £80,000 (outside of London) or £90,000 (in London)

* Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property)

* No cash buyers

* No pets

* Applicants must be able to afford their purchase and sustain their housing costs

* Applicants are primarily expected to be first time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners

* Applicants must be unable to purchase a property suitable to meet their needs on the open market

* Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis

Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer.


1B Apartment - Great Location


Cherrywood Close, London E3 2DQ

Open Market Value: £400,000.00

40% @ £160,000.00.  Rent: £372.00 p.m.  Service Charge: £231.00 p.m.


A spacious and bright one bedroom apartment within a leafy residential complex with outside space and lots of storage. The property has a balcony, a spacious lounge and dining area, and an open plan kitchen with true induction hob and white goods. The property is cool in the summer and cosy in the winter with lots of morning sun. The bedroom is spacious and currently fits a king bed and a double wardrobe. The bathroom has an integrated bath and shower and heated towel rail.

It has a large hall, ideal for storing coats and other items. It also has a large dying cupboard, ideal for drying clothes and storing linen. It also has a large storage cupboard.

It is a 6 minute walk to Mile End station, 10 minute walk to Victoria Park, and a few minutes to a variety of shops and cafes on Roman Road.


Tenure: Leasehold
Council Tax Band: Not specified

Property Downloads
Energy Certificate
Mile End (0.22 miles) Bow Road (0.35 miles) Bow Church (0.50 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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 and repairs for communal areas within your development.
  • Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.

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

Shared Ownership Resale
Estimated Monthly Cost:£1,382
Rent £372
Service Charge £231
Mortgage £779

Share percentage 40%, full price £400,000, £16,000 Min Deposit. Calculated using a representative rate of 4.24%

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.