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1 bedroom apartment for sale

Available

Moro Apartments, 22 New Festival Avenue, E14 6FT

£136,000 · Shared Ownership Resale

Share percentage 40%, full price £340,000, £13,600 Min Deposit.

Available

1 bedroom

Floor plan

£136,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 40%, full price £340,000, £13,600 Min Deposit.

Monthly Cost: £1,219
Rent £341, Service charge £188, Mortgage £690*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

Deposit Min £13,600 £

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Eligibility

You may be eligible for this property if: You are at least 18 years old, Your annual household income is less than £90,000, You are unable to purchase a suitable home to meet your housing needs on the open market, You do not already own a property or you are in the process of selling your property.

Summary

A fantastic one-bedroom apartment with private balcony in Tower Hamlets

Description

Property reference number: 1639170

Moro Apartments is a well-maintained 1-bedroom apartment located on the 6th floor of a twelve storey block completed in 2013. Featuring a balcony with views of Canary Wharf, the property also benefits from a communal rooftop terrace, an on-site gym, secure bike storage and a concierge. The lease remaining on the property is 111 years.

There are excellent transport links nearby, with Langdon Park and Westferry DLR stations providing easy access into Stratford, Canary Wharf, the City and London City Airport. Local buses serve the area and night buses link directly into central London.

Several local amenities are located within 0.1 miles away, with an off-license accessible within the development. Bartlett Park is just across the road, which features an artisan bakery/coffee shop and an excellent playground, while the canals provide easy access to Victoria Park. For leisure and entertainment, bars, restaurants and shops are within 0.2 miles.

Nearest DLR Stations: Langdon Park (0.4miles), Westferry (0.6miles) and All Saints (0.6miles)
Nearest Railway Station: Limehouse (1 mile)
Bus routes nearby: 15, 115, D7 and 227 (0.2miles) located on Upper North Street

Key features

Private balcony

Rooftop terrace
On-site gym

Concierge

What happens after I register my interest?

You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.

What is Resale Shared Ownership?

Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.

Financial information

Tenure: Leasehold
Remaining lease term: 111 years
Annual ground rent amount: £0
Ground rent review period: No ground rent to pay until final staircasing.
Annual service charge amount: £2,255.04
Service charge review period: Annually
Council tax band: C

*Financial information correct as of 18.03.2024

Particulars

Tenure: Not specified
Council Tax Band: C

Property Downloads

Floor Plan

Map

Westferry (0.32 miles) Poplar (0.40 miles) All Saints (0.40 miles)

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Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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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.

£136,000

Shared Ownership Resale

Estimated Monthly Cost:£1,219

Rent £341

Service Charge £188

Mortgage £690

Share percentage 40%, full price £340,000, £13,600 Min Deposit. Calculated using a representative rate of 4.64%

Your Deposit Min £13,600 £

Peabody New Homes

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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.