1 bedroom apartment for sale

Available

Shillingshaw Lodge, Butchers Road, E16 1PT

£75,000 · Shared Ownership Resale

Share percentage 25%, full price £300,000, £7,500 Min Deposit.

Available
1 bedroom
1 Bathroom
Communal Garden
Pets allowed
Floor plan
floor-plan
Floor plan
floor-plan
£75,000 Shared Ownership Resale

Share percentage 25%, full price £300,000, £7,500 Min Deposit.

Monthly Cost: £1,188
Rent £615, Service charge £192, Mortgage £381*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Summary

Our Spring Offer: A £1,000 Amazon voucher on completion!* Modern purpose built apartment

Description

SHARED OWNERSHIP

Full Market Value: £300,000

You pay (25%): £75,000

Monthly Rent:£615.31

Service Charge: £192.45

Monthly Water Charge: £30.93

Annual Ground Rent: £100.00

Council Tax Band: B

125year lease commenced in April 2008- 119 years remaining

EWS1 Certification is available - B1 Rating.

For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*

This apartment comprises an open plan reception room/kitchen, double bedroom with built in wardrobes and a family bathroom. There is also a useful walk-in storage cupboard ian the hallway.

Shillingshaw Lodge is enviably located within walking distance to both Canning Town station and Royal Victoria Docks. with the DLR, Tube Jubilee line and Elizabeth line/ Crossrail giving a direct connection to Heathrow Airport. City Airport is also nearby. North Greenwich and The O2 Greenwich is accessible via cable cars at Royal Victoria Docks, which is walking distance.

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 £44,690. 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 websitelqhomes.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.

*The £1,000 Amazon voucher is currently being offered on this 1-bedroom resale apartment and is applicable to any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee. The voucher will be supplied within 75 days of completion of the purchase and will be an E-Voucher, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other 1-bedroom resales shared ownership apartment.

Key Features
  • Good EPC rating
  • Views across the capital
  • Excellent transport links
Particulars

Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: B

Property Downloads
Key Information Document Floor Plan Energy Certificate
Virtual Tour
https://nichecom.s3.eu-west-1.amazonaws.com/cat1000/2024/02/28/65df3e53024fc-1092350.mp4
Map
Custom House (0.23 miles) Royal Victoria (0.23 miles) Prince Regent (0.54 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£75,000
Shared Ownership Resale
Estimated Monthly Cost:£1,188
Rent £615
Service Charge £192
Mortgage £381

Share percentage 25%, full price £300,000, £7,500 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.