2 bedroom apartment for sale
Lace House, E8 4FL
Share percentage 45%, full price £630,000, £28,350 Min Deposit.
Share percentage 45%, full price £630,000, £28,350 Min Deposit.
Monthly Cost: £2,351
Rent £699,
Service charge £213,
Mortgage £1,439*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Private Balcony - Within Building Warranty - Good EPC Rating
Description
Shared Ownership
Full Market Value: £630,000
Share Value (45%): £283,500
Monthly Rent: £699.43
Service Charge: £212.94
Council Tax Band: D
125 year lease commenced March 2017 - 118 years remaining
EWS1 B2 Certification - Works have been completed - Awaiting B1 Rating
L&Q welcomes you to view this two bedroom, second floor apartment.
Thisbright andspacious apartment consistsof astylishopen-plan kitchen and living area, flooded with natural light from wide floor-length windows. The kitchen is fitted with glossy taupe wall and base units, and a grey worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Spacious main double bedroom benefitting from en-suitewith showerand built-in storage cupboards. Bright and airy second double bedroom with floor-length windows. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. Additional double storage cupboards in hallway.
Ideally located near Haggerston overground station, with Kingsland High Street just around the corner providing endless shops and cafes towards Dalston, and heading south direct access to Shoreditch High Street. Lace House is located close by to Stonebridge Park, with Broadway Market and Columbia Road Flower Market close by offering great weekend amenities.
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 £87,328. 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 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 April 2024.
Key Features
- Private balcony overlooking communal gardens
- Good EPC Rating
- Within building warranty
- En-suite to master bedroom
- Communal gardens
- Pets allowed
- Additional storage cupboards to hallway
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D
Property Downloads
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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 45%, full price £630,000, £28,350 Min Deposit. Calculated using a representative rate of 4.64%
