Share Price £133,750 (from 25% Min. Share)

Full Value £535,000 | £6,688 Min. Deposit

Scheme: Shared Ownership

check_circle Available now

Back Church Lane - 1 bed apartment in Tower Hamlets

place Twyne House, Back Church Lane, E1 1LX

Budget Calculator
Calculate monthly cost help
Sign in to Register Your Interest mail
favorite_outline Save Property

Last large 1 bedroom apartment in the heart of London - Call now to arrange a viewing


Eligibility

*Must live or work within a London Borough
*Must meet the minimum income requirements - £64,000

Shared Ownership is an excellent way for people who are unable to buy on the open market to take their first step onto the property ladder. Under the Shared Ownership scheme, you buy a share of the property’s value and pay a subsidised rent on the remaining share. A key advantage is that, as part-owner, you have a stability of tenure that renting cannot offer. Over time, you can buy more of the property until you own 100%.

You will need a small deposit at the outset – generally a minimum of 5% of your share, subject to conditions – and you will need to raise a mortgage on the rest of the sum required.

Am I eligible?

There are certain conditions to be eligible for a Shared Ownership property:

• Your annual household income must be no more than £90,000.

• You must be unable to purchase a home suitable for your needs without assistance.

• You must be able to demonstrate a connection to the local area of the development.

• You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).

• You must be a first-time buyer. If you already own a home and need to move but cannot afford to, or you have equity from a recent sale, please contact us, as there are some circumstances under which you may still be eligible.

If we think you may be eligible, you will be asked to have a free financial assessment with a Shared Ownership mortgage specialist to find out what share you can afford to buy. You will also be asked to complete an application form with the local Help to Buy agent. Sometimes you may need to be registered with your Local Authority. Specific criteria will be detailed on the information for each property


Description

Don't miss out on our viewing day Tuesday 23 April 3pm-8pm.

To book a viewing please contact the Customer Service Team – Sales by email at shared.ownership@myclarionhousing.com or call 07712 693 393

**LAST REMAINING PROPERTY!**

DON'T MISS OUT - incentive being offered of £500 Cashback (conditional on exchanging in 28 days)*

A stunning 1st floor one bed apartment of approx. 59m2 in the Back Church Lane development situated in the heart of Aldgate, East London.

  • Spacious 1 bedroom, first floor apartment £137,500 for 25% share
  • Less than ½ mile to Aldgate East Underground station – Zone 1
  • Large Balcony
  • Full fitted designer kitchen
  • Elegant Villeroy and Boch bathroom suite
  • Underfloor heating
  • Fitted wardrobe to bedroom

The internal specification is modern and contemporary with vibrant custom built kitchens with feature glass splash backs, sleek bathrooms and a luxurious bedroom with built in wardrobe providing a perfectly practical living space.

As well as a balcony overlooking an internal courtyard that provides a quiet and private outdoor space, the flat further benefits from access to a large communal roof terrace on the 5th floor of the building, providing a beautiful space to relax and enjoy the breathtaking views of the City and Canary Wharf.Located walking distance to the City and just 8 minutes walk to Tower Gateway DLR providing access to Canary Wharf in just 12 minutes, Back Church Lane provides an incredibly central and convenient place to live to enjoy all that London has to offer.

Set in the heart of one of the most popular, diverse and historic neighbourhoods in London there's lots to explore on the doorstep. Brick Lane is just a stone's throw away with curry houses, pop-up vintage markets, vintage shops and the famous beigel shops. Shoreditch and Hoxton are only minutes away, where you can peruse the restaurants and bars, or if you fancy yourself as the next Banksy you can take a Street Art Tour and discover the artistic graffiti in the surrounding area while trying your hand at spay painting.

The nearest tube station is Aldgate East underground which is around a 6 minute walk away and Tower Hill is about 10 minutes away providing fast connection to key destination including Liverpool Street, Canada Water and London Bridge.

For further information or to book a viewing please contact the Customer Service Team – Sales by email at shared.ownership@myclarionhousing.com or call 07712 693 393

* terms and conditions apply


Key Features

* Custom built kitchens with integrated appliances, including dishwasher, fridge-freezer, microwave and oven
* Fitted wardrobes
* Vileroy and Boch bathroom suite
* Spot lights throughout
* Underfloor heating


Download Documents

Property brochure 1 Property price list
Budget Calculator
arrow_backwards Back to Back Church Lane - 1 bed apartment in Tower Hamlets

Calculate Monthly Cost

Share price
£ 133,750
Min. £133,750
Share percentage
Min. 25%
Your deposit
Min. £6,688
Monthly cost*
£1,618
Cost breakdown
£836
Rent
£112
Service charge
£670
Mortgage*
help

Sign in to Register Your Interest mail
favorite_outline Save Property

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.