2 bedroom apartment for sale

Available

36 Oriana House, 11 Grange Park Road, E10 5GW

£148,750 · Shared Ownership Resale

Share percentage 35%, full price £425,000, £7,438 Min Deposit.

Available
2 bedrooms
1 Bathroom
Communal Terrace
£148,750 Shared Ownership Resale · Eligibility Eligibility

Share percentage 35%, full price £425,000, £7,438 Min Deposit.

Monthly Cost: £1,501
Rent £435, Service charge £218, Mortgage £848*

Calculated using a representative rate of 5.26%

Calculate estimated monthly costs

£
Eligibility

For those looking to buy a Shared Ownership home, there are some eligibility requirements that must be met. The general eligibility criteria for Shared Ownership is as follows:

  • You must be at least 18 years old.
  • Your annual household income must be less than £90,000.
  • You cannot own another home. Shared Ownership purchasers are often first time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
  • You should not be able to afford to buy a home suitable for your housing needs on the open market.
  • You must show you are not in mortgage or rent arrears.
  • You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
  • Additionally, you will generally need between 5-10% of the equity share that you’re purchasing as a deposit, and should have access to at least £4,000 to cover the other costs of buying a property. This is a guideline figure and the actual amount may vary.
Summary

2 Bedroom 4th Floor Apartment , for Shared Ownership Resale - E10

Description

Welcome to Oriana House, a lovely 2 bedroom apartment situated on the fourth floor available for resale in Waltham Forest under the Shared Ownership Scheme. It is a great opportunity for first-time buyers.

You would have the opportunity to purchase a 35% share of the property while paying rent on the remaining share.

Full Market Value:£425 000

Ground Rent:£100

Features of the Property:

Open plan living and dining area
Communal roof terrace
Contemporary design and modern décor
Fitted integrated appliances (fridge, oven, hob & hood)
Carpets in bedrooms
Wooden effect flooring in the lounge and hallway areas
Solar panels on the roof


Location Highlights:

Short walk to Leyton Underground Station and Leyton Midland Station
Close proximity to local amenities, parks, and good schools
Good local transport links


Additional Information:

Council Tax: B
Parking permits can be requested via the council


To receive more information about the property and book a viewing, you can contact the following:

Email: il@imagine-group.co.uk Phone: 0203 376 6455

Particulars

Tenure: Leasehold
Lease Length: 114 years
Council Tax Band: B

Map
Leyton (0.40 miles) Lea Bridge (0.43 miles) Leyton Midland Road (0.45 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.

Read More Read Less
  • 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.

£148,750
Shared Ownership Resale
Estimated Monthly Cost:£1,501
Rent £435
Service Charge £218
Mortgage £848

Share percentage 35%, full price £425,000, £7,438 Min Deposit. Calculated using a representative rate of 5.26%


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.