2 bedroom apartment for sale
Sequoia House, Alameda Place, E3 2RJ
Share percentage 40%, full price £475,000, £19,000 Min Deposit.
Share percentage 40%, full price £475,000, £19,000 Min Deposit.
Monthly Cost: £2,017
Rent £829,
Service charge £224,
Mortgage £964*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Modern purpose built apartment at Bow East
Description
SHARED OWNERSHIP
Full Market Value:£475,000
You pay (40%):£190,000
Monthly Rent:£828.50
Monthly Service charge: £223.74
Council Tax Band: D
125 Year lease commenced in September 2019 - 120 years remaining
EWS1 form available for this property - B1 rating
You are welcomed into this apartment via a large hallway with walk-in storage. The L-shaped dual aspect open plan living area, housing a high spec kitchen, opens onto a private balcony. Two double bedrooms, one with fitted wardrobe, and a contemporary bathroom complete the accommodation.
Bow East is located within a historic part of London with galleries and art trusts just a short walk away. Bow Road Church DLR is within a five-minute walk from the development and provides transport to Canary Wharf in just ten minutes and Stratford in 5. Bow Road underground station is also a short walk away providing easy access and connections to London.
There is a fantastic array of day to day amenities close at hand, with the open spaces of Queen Elizabeth Olympic Park and Westfield's shopping centre with its array of restaurants, shops and bars. The beautiful green spaces of Victoria Park and Mile End Park are both nearby with their gardens and play areas.
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 £74,938 If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note; 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.com and 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 April 2024.
Key Features
- Great location with excellent transport links
- Stylish modern development
- Integrated appliances
- Pet freindly
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: D
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 40%, full price £475,000, £19,000 Min Deposit. Calculated using a representative rate of 4.64%
