Share percentage 35%, full price £350,000, £6,125 Min Deposit.
Monthly Cost: £1,587
Rent £701,
Service charge £188,
Mortgage £698*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
You may be eligible for this property if:
- You have a gross household income of no more than £90,000 per annum.
- You are unable to purchase a suitable home to meet your housing needs on the open market.
- You do not already own a home or you will have sold your current home before you purchase or rent.
Summary
We are delighted to market this modern one bedroom property.
Description
We are delighted to market this modern one bedroom property. Inside you are welcomed in to the spacious entrance hallway with a large storage cupboard providing plenty of room for shoes and coats. Off the hallway, you will find the very modern open plan living/kitchen area with large windows letting in plenty of light. The living room leads out to a private balcony, with perfect space for a table and chair. Back inside, the kitchen offers a modern design with lots of storage and counterspace & has integrated appliances. Their is a double bedroom, which has lots of space for all your bedroom furniture needs. The room also has a large window, letting in a lot of light and making the area feel more spacious. Finally, you have the modern family bathroom complete with a shower over the bath.
Key Features
- Walking distance to tube and train stations.
- Surrounded by local amenities, shops and bars.
- Close by to Bow Locks.
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 35%, full price £350,000, £6,125 Min Deposit. Calculated using a representative rate of 5.26%
