1 bedroom apartment for sale
Havisham Apartments, 18 Grove Crescent Road, London, E15 1AX
Share percentage 35%, full price £315,000, £11,025 Min Deposit.
Share percentage 35%, full price £315,000, £11,025 Min Deposit.
Monthly Cost: £1,337
Rent £558,
Service charge £220,
Mortgage £559*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This south/south-east-facing apartment is on the third floor, which is the top floor in that part of the building. The property has a reception room with semi-open-plan kitchen and double doors that open onto a balcony. There is a good-sized bedroom, with fitted wardrobe, and a simple yet stylish bathroom. Well insulated walls and roof, modern double glazing and a communal heating/hot water system make for a good energy-efficiency rating. Maryland Station, for the Elizabeth Line, is just minutes away and Westfield Shopping Centre, Queen Elizabeth Olympic Park and the two Stratford stations are all within easy walking distance.
SHARED OWNERSHIP (Advertised price represents 35% share. Full market value £315,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/3wp95bth]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: L&Q.
Tenure: Leasehold (990 years from 01/01/2008).
Minimum Share: 35% (£110,250). Please note that applicants should purchase the maximum share that they can afford and sustain.
Shared Ownership Rent: £558.42 per month (this figure is from April 2024 and subject to annual review).
Service Charge: £220.34 per month (this figure is from April 2024 and subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £44,100 | Single - £50,300 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Newham. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. There is no parking space offered with this property. Please visit https://www.lqgroup.org.uk/media-centre/news/changes-to-our-pets-policy for questions about keeping pets in the property.
Key Features
- Guideline Minimum Deposit £11,025
- Guide Min Income - Dual £44.1k Single £50.3k
- Third Floor (building has a lift)
- Approx. 512 Sqft Gross Internal Area
- South/South-East-Facing Balcony
- Communal Heating and Hot Water System
- Minutes from Maryland Station
- Short Walk from Stratford Station/Westfield
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Floor Plan BrochureMap
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 £315,000, £11,025 Min Deposit. Calculated using a representative rate of 4.64%