1 bedroom apartment for sale
Clematis House, E10 5GY
Share percentage 40%, full price £320,000, £12,800 Min Deposit.
Share percentage 40%, full price £320,000, £12,800 Min Deposit.
Monthly Cost: £1,302
Rent £401,
Service charge £251,
Mortgage £650*
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 third floor apartment with private terrace.
Description
SHARED OWNERSHIP
Full Market Value: £ 320,000
Share Value (40%): £ 120,000
Monthly Rent: £ 400.87
Service Charge: £250.97
Council Tax Band: B
125 year lease commenced March 2014 - 116 years remaining
EWS1 Certification is available for this property.
For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*
The property is set in a fantastic location close to amenities and local green spaces and within walking distance of Leyton Midland Road Station and Leyton bus station making transport across London a pleasure.
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 £48,952 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.
*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
- Lounge diner open plan to kitchen and with doors opening onto private terrace
- Kitchen fitted with dark brown base units and cream wall units with cream work surfaces and featuring Integrated appliances.
- Double bedroom with built-in wardrobe and with doors opening onto balcony.
- Bathroom fitted with a white suite, shower over bath and glass shower screen.
- Two storage cupboards in the hallway
- Entry phone system (not tested).
- Electric heating system (not tested).
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: B
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 40%, full price £320,000, £12,800 Min Deposit. Calculated using a representative rate of 4.64%
