2 bedroom apartment for sale
Bishops Way, E2 9HB
Share percentage 50%, full price £500,000, £25,000 Min Deposit.
Share percentage 50%, full price £500,000, £25,000 Min Deposit.
Monthly Cost: £1,780
Rent £354,
Service charge £157,
Mortgage £1,269*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Purpose built first floor apartment
Description
SHARED OWNERSHIP
Full Market Value - £500,000
You Pay (50%) - £250,000
Monthly Rent - £353.63
Service Charge - £156.53
Annual Ground Rent - N/A
LEASE : 189 year lease commenced January 1999 - 164 years remaining
COUNCIL TAX BAND : D
The apartment comprises a two bedroom purpose first floor flat in a four storey block constructed in 1999. The accommodation includes a lounge/diner, separate kitchen, two double bedrooms and a bathroom. The property also benefits from an allocated off street parking space.
Located within walking distance of Cambridge Heath Station and Bethnal Green tube provides easy access into Central London, as well as the dynamic neighbourhoods of Shoreditch and Hoxton, areas known for their lively atmosphere. The area encompasses iconic spots such as Broadway Market, Columbia Flower Market, and Brick Lane. Furthermore, the locale offers an extensive array of bars, restaurants, and coffee shops, creating a diverse and lively community. Close by are popular local parks including Haggerston Park, London Fields, and Victoria Park.
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 £66,589. 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 www.lqhomes.comand 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 March 2024.
Key Features
- Excellent location
- Walking distance to station
- L-shaped reception room
- Separate modern kitchen
- Wood flooring
- Gas central heating
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
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 50%, full price £500,000, £25,000 Min Deposit. Calculated using a representative rate of 4.64%
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