2 bedroom apartment for sale
Roman Road, E6 3ST
Share percentage 50%, full price £300,000, £15,000 Min Deposit.
Share percentage 50%, full price £300,000, £15,000 Min Deposit.
Monthly Cost: £1,521
Rent £527,
Service charge £233,
Mortgage £761*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Spacious apartment in purpose-built block
Description
SHARED OWNERSHIP
Full Market Value - £300,000
You Pay (50%) - £150,000
Monthly Rent - £527.47
Service Charge - £233.32
Annual Ground Rent - £0
125year lease commenced on April 2003 - 103 years remaining
The apartment has a large dual aspect living area, open plan to a kitchen fitted with a range of beech wall and base units with integrated oven, hob and extractor and spaces for fridge/freezer and washing machine . Additionally, there are two double bedrooms and a family bathroom.
Situated close to High Street South, there is convenient access to a range of shops, restaurants bus services, and Beckton DLR station.
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 £56,975. 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 the property for 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 at March 2024.
Key Features
- Two bedrooms
- Quiet location
- Close to schools
- Allocated parking
- Communal gardens
Particulars
Tenure: Leasehold
Lease Length: 103 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual 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 50%, full price £300,000, £15,000 Min Deposit. Calculated using a representative rate of 4.64%
