2 bedroom apartment for sale
C2.02.05, Cavell Street, E1 2JA
Share percentage 25%, full price £572,500, £7,156 Min Deposit.
Share percentage 25%, full price £572,500, £7,156 Min Deposit.
Monthly Cost: £1,801
Rent £573,
Service charge £412,
Mortgage £816*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
Stunning 2 bedroom, 1 bathroom apartment with improved affordability! Open plan living space, contemporary kitchen with integrated appliances and private outdoor balcony in a PRIME ZONE 2 location.
Description
Put a spring in your step and a foot on the property ladder.
Reserve your new Shared Ownership home between 1 - 30 April with only a £99* reservation fee and receive up to £5,000 towards your buying costs * when you quote 'London Home Show'* to our sales team.
Prices from £122,500** for a 25% share.
Make your move with L&Q
Chiffon Apartments - Plot C2.02.05
2 bedroom 2nd floor apartment offering 70.80 sq.m of internal floor area with outdoor space. Contact a member of our sales team now to view our new show home.
£143,125 for a 25% share of £572,500 and a deposit as low as £7,156 and a minimum income of £62,700.
Full Market Value: £572,500
Shared Value (25%): £143,125
Minimum deposit: £7,156
Required income: £62,700
Rent PCM: £573
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%.
L&Q at The Silk District:
A contemporary home, a city lifestyle. Discover a new side of London with L&Q at The Silk District. An exciting new address in the heart of Whitechapel. Every apartment offers a modern interior that maximises light, space and comfort, while retaining all-important practicality. Each has been finished to the highest standard, with fully integrated appliances and a contemporary specification. Apartments also come with their own private outdoor space.
Contact a member of our sales team today to find out more or book a viewing!
*Offer is subject to an affordability assessment. Incentive terms and conditions apply. For full terms and conditions, visit lqhomes.com/terms-and-conditions/. L&Q Shared Ownership terms and conditions apply. Please visitlqhomes.com/shared-ownership for more info. **Prices correct at time of print. £122,500 for a 25% share at L&Q at The Silk District. Full market value of £490,000. Images for illustrative purposes only. April 2024.
Key Features
- Prime Zone 2 location
- Private outdoor space to every home
- Elizabeth Line access moments away
- Residents' cinema
- Private gym with high spec Technogym equipment
- Peloton spin studio
- 24-hour concierge with communal areas for socialising
- Part of the Cycle Superhighway 2 network
- Homes ready to move into
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
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 25%, full price £572,500, £7,156 Min Deposit. Calculated using a representative rate of 5.26%
