3 bedroom apartment for sale
Colnmore Court, E2 0QF
Share percentage 25%, full price £525,000, £13,125 Min Deposit.
Share percentage 25%, full price £525,000, £13,125 Min Deposit.
Monthly Cost: £1,520
Rent £710,
Service charge £144,
Mortgage £666*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Three bedroom third floor apartment with balcony
Description
SHARED OWNERSHIP
Full Market Value: £525,000
Share Value (25%): £131,250
Monthly Rent: £776.66
Service Charge: £174.53
Council Tax Band: D
99 year lease commenced April 2007 - 82 years remaining [990 year Lease Extension available]
Guidance from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However,we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
Set just moments from the Regent's Canal, this apartment is surrounded by a number of open green spaces to include Mile End Park and the popular Victoria Park. Nearby Roman Road provides access to a number of shops and amenities whilst Lauriston Village's selection of designer boutiques, cafés and gift shops are also close by. Mile End, Bethnal Green and Stepney Green Underground Stations are all within close proximity providing access to the Central, District and Hammersmith and City Lines.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £60,345. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered, please visit our websitelqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as at February 2024.
Key Features
- L-shaped lounge/diner opening onto private balcony
- Separate kitchen with a selection of white wall and base units with grey speckled work surfaces and featuring integrated oven/hob and extractor and spaces for washing machine and fridge/freezer.
- Two double bedrooms and one single bedroom/home office
- Bathroom with white suite and large storage cupboard
- Separate storage in hallway
- Electric heating
Particulars
Tenure: Not specified
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual 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 £525,000, £13,125 Min Deposit. Calculated using a representative rate of 4.64%
