1 bedroom apartment for sale
The Chain - A00.05, South Grove, E17 7NX
Share percentage 25%, full price £415,000, £5,188 Min Deposit.
Share percentage 25%, full price £415,000, £5,188 Min Deposit.
Monthly Cost: £1,492
Rent £648,
Service charge £253,
Mortgage £591*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
1 bedroom, ground floor apartment with private outdoor space, READY TO MOVE IN TO! Located in a prime zone 3 location within close proximity to 3 train stations.
Description
Tourers House - Plot A00.05
1 bedroom ground floor apartment offering 62.8 sq.m of internal floor area with outdoor space. Contact a member of our sales team now to view our new show home.
£103,750 for a 25% share of £415,000 and a deposit as low as £5,188 and a minimum income of £62,677.
Full Market Value: £415,000
Shared Value (25%): £103,750
Minimum deposit: £5,188
Required income: £62,677
Rent PCM: £648
Service Charge: £253
Council tax band: TBC
What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it
possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. Over time, you can increase the share you own until you eventually own 100%.
The Chain SO
The Chain is located in South Grove, Walthamstow; offering 1 & 2 bedroom apartments, ready to move into available through Shared Ownership. It is ideally situated close to three train stations providing excellent transport links. Take just a 10-minute walk to Walthamstow Central where you can access the Victoria Line. Alternatively, there are over ground stations, St James Street and Walthamstow Queens Road close by.
Walthamstow is seeing an unprecedented rate of growth and investment into the town centre and surrounding areas. Waltham Forest's residents and businesses stand to benefit significantly from the economic growth taking place across London. The boroughs well-connected location in theeast of London, the cultural heart of the capital, along with its unique identity founded in cultural heritage, its burgeoning arts and creative industries, and abundant green spaces all contribute towards the urban vibrancy that makes Waltham Forest a special place to live.
A thriving city with healthy living
As part of our green credentials, The Chain is virtually car-free. All residents will benefit from a 3-year complimentary membership to the official car club, Zipcar. With access to safe and secure bike storage, residents are encouraged to live a healthier, more sustainable lifestyle and cycle more.
Health and wellbeing is undeniably important, and having access to open spaces is a perfect antidote to a hectic working week and a positive way to combat stress. The Chain is within minutes of an array of open, green areas, all contributing to your healthy lifestyle.
Experience a slice of tranquillity whilst enjoying the natural haven of nearby Walthamstow Wetlands. Alternatively, enjoy a range of outstanding food choices and creative hubs right on your doorstep.
Contact a member of our sales team today to find out more or book a viewing!
*Terms and conditions apply.
Key Features
- Overground stations St James and Walthamstow Queens Road close by
- 10-minute walk to Walthamstow Central and the Victoria Line
- Paths and cycle routes on your doorstep
- Personal outdoor space for each home and landscaped communal garden
- 3-year complimentary membership to our official car club, Zipcar
- Homes to Europe's longest outdoor street market
- Multifunction oven, touch control induction hob and dishwasher
- Video door entry system
- Fitted wardrobes
Particulars
Tenure: Leasehold
Lease Length: 250 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanVirtual 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 25%, full price £415,000, £5,188 Min Deposit. Calculated using a representative rate of 5.26%