2 bedroom apartment for sale
Fondant Court, E3 2PJ
Share percentage 30%, full price £400,000, £12,000 Min Deposit.
Share percentage 30%, full price £400,000, £12,000 Min Deposit.
Monthly Cost: £1,749
Rent £827,
Service charge £313,
Mortgage £609*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Purpose built apartment in modern building
Description
SHARED OWNERSHIP
Full Market Value: £400,000
Share Value (30%): £120,000
Monthly Rent: £827.44
Service Charge: £313.24
Council Tax Band: D
125 year lease commenced January 2016 - 116 years remaining
EWS1 Certificate Available B1 Rating
L&Q welcomes you to view this two bedroom, sixth floor apartment.
This apartment has alargeopen-plan living area, flooded with natural light from wide floor-length windows. The fully integrated kitchen is fitted with high gloss units . A spacious double bedroom with built-in storage cupboard, a second single bedroom/home office and contemporary bathroom complete the accommodation.
Conveniently located a short walk from Mile End Road and Hackney Wick, this property offers easy access to the city and Canary Wharf. Take advantage of the nearby award-winning parks, including Victoria Park, Queen Elizabeth Olympic Park, and the hidden gem of Grove Park, for a breath of fresh air and recreation.
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 £58,412. If you are offered the home, 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
- Private Balcony
- Good EPC rating
- Well presented throughout
- Excellent transport links
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
Key Information Document Floor PlanMap
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 30%, full price £400,000, £12,000 Min Deposit. Calculated using a representative rate of 4.64%
