1 bedroom apartment for sale

Available

Georgette Apartments, E1 2GL

£283,250 · Shared Ownership Resale

Share percentage 55%, full price £515,000, £28,325 Min Deposit.

Available
1 bedroom
1 Bathroom
£283,250 Shared Ownership Resale

Share percentage 55%, full price £515,000, £28,325 Min Deposit.

Monthly Cost: £2,197
Rent £448, Service charge £312, Mortgage £1,437*

Calculated using a representative rate of 4.64%

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Summary

Our Spring Offer: A £1,000 Amazon voucher on completion!* Modern apartment at the Silk District in the heart of Whitechapel

Description

SHARED OWNERSHIP

Full market value - £515,000

You pay (55%) - £283,500

Monthly Rent - £447.97

Monthly Service Charge - £312

Annual Ground Rent - £0

990 year lease commenced in January 2019 (984 years remaining)

EWS1 Certification - A1 rating

For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*

The modern interior of this beautifully presented bright and airy home maximises light and space. The large reception room opens onto a private balcony. Additionally there is a generous double bedroom with fitted wardrobes that opens onto a juliet balcony. A contemporary kitchen with integrated appliances and a fully tiled bathroom complete the accommodation.

The Silk Quarter is located just minutes away from the best of London, from the big city business of Canary Wharf and the Square Mile, to the hot spots of Brick Lane and Shoreditch, providing the perfect balance between work and play. Local amenities are abundant, from day-to-day needs such as supermarkets and essential services, to unique open spaces and cafés, bars and restaurants that suit every palate.

Whitechapel station is located less than half-a-mile away providing connections to the London Overground, District and Hammersmith & City and Elizabeth lines This means commutes to both Canary Wharf and the City are less than 20 minutes and there are fast journey times to Stratford International King's Cross St Pancras and Heathrow.

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 £81,789 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 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.

*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other 1-bedroom resales shared ownership apartment.

Key Features
  • NHBC 12 Year warranty
  • Long Lease
  • Well connected
  • Laminate flooring to hallway and living areas
  • Communal bike store
  • Washer dryer in storage cupboard
Particulars

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

Property Downloads
Key Information Document Energy Certificate
Map
Whitechapel (0.07 miles) Bethnal Green Rail (0.37 miles) Stepney Green (0.50 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.

£283,250
Shared Ownership Resale
Estimated Monthly Cost:£2,197
Rent £448
Service Charge £312
Mortgage £1,437

Share percentage 55%, full price £515,000, £28,325 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.