1 bedroom apartment for sale
L&Q at The Silk District - Plot C1.01.03, Chiffon Apartments, E1 2JA
Share percentage 25%, full price £505,000, £6,313 Min Deposit.
Share percentage 25%, full price £505,000, £6,313 Min Deposit.
Monthly Cost: £1,669
Rent £615,
Service charge £264,
Mortgage £790*
Calculated using a representative rate of 6.24%
Calculate estimated monthly costs
Summary
1 bed apartment READY TO MOVE INTO, located in the heart of the city. With modern integrated appliances and on-site amenities including a residents-only gym, Peloton spin studio, cinema and concierge.
Description
Reserve a one bedroom Shared Ownership apartment between 1 - 30 September and receive up to £5,000 in vouchers to spend on your home once you've moved in.*
Chiffon Apartments - Plot C1.01.03
1 bedroom 1st floor apartment offering 57.20 sq.m of internal floor area. Contact a member of our sales team now to view our show home.
£126,250 for a 25% share of £505,000 and a deposit as low as £6,313 and a minimum income of £59,322.
Full Market Value: £505,000
Shared Value (25%): £126,250
Minimum deposit: £6,313
Required income: £59,322
Rent PCM: £615
Council tax band: TBC
What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. Over time, you can increase the share you own until you eventually own 100%.
L&Q at The Silk District
A contemporary home, a city lifestyle. Discover a new side of London with L&Q at The Silk District. An exciting new address in the heart of Whitechapel. Every apartment offers a modern interior that maximises light, space and comfort, while retaining all-important practicality. Each has been finished to the highest standard, with fully integrated appliances and a contemporary specification. Most apartments also come with their own private outdoor space.
L&Q at The Silk District Connections
L&Q at The Silk District is a new development located moments from Whitechapel Station and within walking distance to the City. With access to the Elizabeth line The Silk District is only 3 minutes to Canary Wharf, 2 minutes to Liverpool street and 10 minutes to Bond street making it perfectly situated for the daily commute. In the immediate area residents will benefit from an extensive choice of restaurants, bars and cafes. Notably Shoreditch, Brick Lane, Spitalfields Market and Bethnal Green are all less than a 10-minute walk from the development.
Please see the attached brochures and pricelist for our availability and specification details
Viewings
For those who would like to and are able to visit us, the Show Home is now open on an appointment-only basis, with extra measures in place to ensure your wellbeing. Please call us to book your appointment. If you would prefer to speak to our Sales Team from your own home, they are still on hand and can conduct appointments via phone, email and by virtual tour.
*Terms and conditions apply
Key Features
- Homes ready to move into
- Prime Zone 2 location
- Private outdoor space to most apartments
- Elizabeth Line access moments away
- Residents' cinema
- Private gym with high spec Technogym equipment
- Peloton spin studio
- 24-hour concierge with communal areas for socialising
- Part of the Cycle Superhighway 2 network
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: Not specified
Property Downloads
Floor Plan Brochure BrochureVirtual Tour
Video Tour
Map
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 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.
Share percentage 25%, full price £505,000, £6,313 Min Deposit. Calculated using a representative rate of 6.24%
