2 bedroom apartment for sale
Fondant Court, E3 2PJ
Share percentage 25%, full price £400,000, £10,000 Min Deposit.
Share percentage 25%, full price £400,000, £10,000 Min Deposit.
Monthly Cost: £1,618
Rent £798,
Service charge £313,
Mortgage £507*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Good EPC rating, Private balcony, Excellent transport links
Description
SHARED OWNERSHIP
Full market value - £420,000
You pay (25%) - £105,000
Monthly Rent - £798.28
Monthly Service Charge - £313.24
99 year lease commenced in April 2015 (90 years remaining)
EWS1 B2 Rating - Remedial works are underway and estimated completion March 2024
L&Q welcomes you to view this two bedroom, fifthfloor apartment.
Thisbright andspacious two bed apartment consistsof astylishopen-plan kitchen and living area, flooded with natural light from wide floor-length windows and door leading to balcony. The kitchen is fitted with white wall and base units, and a black marble effect worktop. The kitchen also benefits from integrated appliances, such as oven, hob and extractor fan. Spacious main double bedroom benefitting from a built in wardrobe. Bright and airy second double bedroom. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Additional double storage cupboards in hallway.
Fondant Court is between Bow and Stratford, close to Bow Road Underground, Mile End and Bow Church DLR stations. The Queen Elizabeth Olympic Park, Victoria Park and Westfield Stratford City are all top attractions nearby.
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 £61,229. 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 of January 2024.
Key Features
- Private balcony
- Good EPC rating
- Well presented throughout
- Excellent transport links
Particulars
Tenure: Leasehold
Lease Length: 90 years
Council Tax Band: D
Property Downloads
Key Information Document 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 25%, full price £400,000, £10,000 Min Deposit. Calculated using a representative rate of 4.64%
