2 bedroom apartment for sale
Lace House, E8 4FL
Share percentage 35%, full price £620,000, £21,700 Min Deposit.
Share percentage 35%, full price £620,000, £21,700 Min Deposit.
Monthly Cost: £2,121
Rent £807,
Service charge £213,
Mortgage £1,101*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Apartment situated close to Haggerston Overground, Regents Canal, London Fields, Broadway Market and Brick Lane & Shoreditch High Street and The City.
Description
SHARED OWNERSHIP
Full Market Value -£620,000
You Pay (35%) -£217,000
Monthly Rent -£807.13
Service Charge -£212.94
Annual Ground Rent -N/A
Council Tax Band -D
125 year lease commenced in July 2017 - 118 years remaining
EWS1 B2 Certification - A letter of assurance can be provided to lenders.
Situated on the third floor, this property boasts a spacious open-plan kitchen and living area, lots of natural light, with the benefit of a private balcony. The kitchen is fitted with grey wall and base units, and a grey wood effect worktop. The kitchen also benefits from integrated appliances including an oven, hob, and extractor fan. Spacious main double bedroom benefitting from built-in wardrobes and an en-suite. The bright and airy second bedroom with also benefits from a floor to ceiling window. The bathroom has a white three-piece suite with a shower over bath and a stone tile surround. Additional storage cupboard in hallway.
Ideally located near Haggerston overground station, with Kingsland High Street just around the corner providing endless shops and cafes towards Dalston, and heading south direct access to Shoreditch High Street. Lace House is located close by to Stonebridge Park, with Broadway Market and Columbia Road Flower Market close by offering great weekend amenities.
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 78,812. 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.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 March 2024.
Key Features
- Light and bright open plan living area opening onto larger than average balcony
- Kitchen featuring integrated appliances
- Master bedroom with ensuite and fitted wardrobe
- Second bedroom/study
- More than ample storage
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
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 £620,000, £21,700 Min Deposit. Calculated using a representative rate of 4.64%
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