1 bedroom apartment for sale
Commercial Wharf, Kingsland Road, E8 4EG
Share percentage 50%, full price £420,000, £21,000 Min Deposit.
Share percentage 50%, full price £420,000, £21,000 Min Deposit.
Monthly Cost: £1,728
Rent £409,
Service charge £253,
Mortgage £1,066*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Our Spring Offer: A £1,000 Amazon voucher on completion!* One bedroom second floor apartment benefiting from two private balconies.
Description
SHARED OWNERSHIP
Full market value - £420,000
You pay (50%) - £210,000
Monthly Rent - £447.85
Monthly Service Charge - £299.85
Annual Ground Rent - £100
125 year lease commenced in April 2012 (114 years remaining)
For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*
EWS1 B2 Certification - Remediation works will be covered by the Government's Non-ACM Building Safety Fund
Commercial Wharf is set on Kingsland Road and is conveniently located for Haggerston Overground (0.1m) and the many bus routes serving Liverpool Street and the City found on Kingsland Road. The extensive selection of shops, bars & restaurants found in Shoreditch (1.1m), Dalston (0.5m) and Haggerston are also within easy reach.
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 £67,692. 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 website lqhomes.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 January 2024.
*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other 1-bedroom resales shared ownership apartment.
Key Features
- Living area open plan to kitchen with door to one of two private balconies
- Kitchen fitted with a mixture of dark oak and cream units with white speckled work surfaces and featuring integrated appliances
- Large bedroom with fitted wardrobe and door to second private balcony
- Bathroom fitted with white suite and with door to large store
- Communal Heating
Particulars
Tenure: Leasehold
Lease Length: 113 years
Council Tax Band: C
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 50%, full price £420,000, £21,000 Min Deposit. Calculated using a representative rate of 4.64%
