1 bedroom apartment for sale
Cordwainer House, Mare Street, E8 4RX
Share percentage 30%, full price £460,000, £6,900 Min Deposit.
Share percentage 30%, full price £460,000, £6,900 Min Deposit.
Monthly Cost: £1,386
Rent £433,
Service charge £167,
Mortgage £786*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in London, Greater London
Description
This beautiful, bright, modern one-bedroom apartment is now available in East London through Shared Ownership.
The property comprises a spacious living room, a separate kitchen, one bedroom, a bathroom, and a private balcony. All appliances have been upgradedto Neff, including a washer/dryer, dishwasher, oven, hob, and extraction fan. This is apartment is perfect for couples or a single person.
The property is located on Mare Street, forming part of an established residential location in the borough of Hackney.
Available for £138,000 for 30% share based on the marketing figure of £460,000.
Monthly rent - £432.76
Monthly Service Charge - £166.63
Total Monthly Charge - £599.39 plus mortgage required for 30% share.
An annual rent increase takes place every April
LocationThe property is close to local amenities: A 5-minute walk to London Fields, Victoria Park, Broadway Market, Regents Canal, Ofsted-rated outstanding London Fields Primary School, and several outstanding nurseries, Fitness4Less gym and fitness and yoga studios. 10-minute to V&A Museum of Childhood, Lidl supermarket. Fifteen-minute walk to Columbia Road Flower Market, Hackney Empire Theater, and Picture House cinema.
There are great transport links close to this property too.Cambridge Heath (Overground) and Bethnal Green (Underground) are a 10-minute walk from the apartment which is perfect for commuters.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 53 m²
Living room: 5.64 x 3.71 m
Kitchen: 2.51 x 1.91 m
Bedroom 1: 4.27 x 3.40 m
Balcony: 2.90 x 1.47 m
Years remaining on lease: 109
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- One bedroom apartment
- Private balcony
- Great transport links
- Many leisure activities nearby
- Available for 30% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 30%, full price £460,000, £6,900 Min Deposit. Calculated using a representative rate of 5.26%