2 bedroom apartment for sale
Scoulding Road, E16 1NT
Share percentage 25%, full price £440,000, £11,000 Min Deposit.
Share percentage 25%, full price £440,000, £11,000 Min Deposit.
Monthly Cost: £1,491
Rent £820,
Service charge £113,
Mortgage £558*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £54,500. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £11,000. Total approximate savings required £15,000.
Important borough specific eligibility criteria
Newham
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
2 Bedroom Masoinette in Newham
Description
Accommodation:
Hallway: 1.2m x 6.4m + 1.3m x 1.9m
Bedroom 1: 4.8m x 2.7m
Bedroom 2: 2.3m x 3.1m+ 1.9m x 1.9m
Bathroom: 2m x 2.1m
W/C: 1.9m x 1.6m
Lounge/Kitchen: 7.3m x 3.5m
Terrace: (Unmeasured)
Gross Internal Floor Area: Approx. 78 SQ M
Tenure: Leasehold – 180 years (less 3 days) from and including 27th March 2018.
Parking: None
Key Features
Good local amenities with schools, pubs, cafes, convenience stores, etc. Transport links are good with Canning Town Train station 0.5 miles walking distance from the subject.
Particulars
Tenure: Not specified
Council Tax Band: Not specified
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 25%, full price £440,000, £11,000 Min Deposit. Calculated using a representative rate of 4.64%
