2 bedroom apartment for sale

Available

Manston Court, 2 Thornbury Way, Waltham Forest, E17 5FT

£200,000 · Shared Ownership Resale

Share percentage 50%, full price £400,000, £20,000 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£200,000 Shared Ownership Resale

Share percentage 50%, full price £400,000, £20,000 Min Deposit.

Monthly Cost: £1,789
Rent £599, Service charge £175, Mortgage £1,015*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

This spacious property is on the first floor of a modern development and has a twenty-three-foot reception room with attractive flooring and open-plan kitchen area. A glazed door leads out onto a terrace which faces the communal garden. The main bedroom includes a fitted wardrobe and the second bedroom is also a comfortable double. There is a generously-sized bathroom and a built-in storage/utility cupboard has been provided in the entrance hallway. Well insulated walls, high performance glazing and a communal heating/hot water system make for a very good energy-efficiency rating. The local schools (five primaries, two secondaries and a sixth-form college) are all Ofsted-rated 'Good'. The apartment comes with use of a space within the gated car park.

SHARED OWNERSHIP (Advertised price represents 50% share. Full market value £400,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/34a7ffe2]

(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: Clarion.
Tenure: Leasehold (125 years from 2016).
Minimum Share: 50% (£200,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £599.00 per month (this figure is from April 2024 and subject to annual review).
Service Charge: £175.17 per month (this figure is from April 2024 and subject to annual review).
Guideline Minimum Income: Dual - £64,600 | Single - £74,500 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Waltham Forest. 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. Pets not permitted (except assistance animals).

Key Features
  • Guideline Minimum Deposit £20,000
  • Guide Min Income - Dual £64.6k Single £74.5k
  • First Floor
  • Approx. 779 Sqft Gross Internal Area
  • High Performance Glazing
  • Communal Heating and Hot Water System
  • Terrace Facing Communal Garden
  • Secure Parking Space
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Map
Blackhorse Road (1.14 miles) Northumberland Park (1.19 miles) Walthamstow Central (1.20 miles)
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.

£200,000
Shared Ownership Resale
Estimated Monthly Cost:£1,789
Rent £599
Service Charge £175
Mortgage £1,015

Share percentage 50%, full price £400,000, £20,000 Min Deposit. Calculated using a representative rate of 4.64%


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.