1 bedroom apartment for sale
Maltings Close, E3 3TB
Share percentage 30%, full price £320,000, £9,600 Min Deposit.
Share percentage 30%, full price £320,000, £9,600 Min Deposit.
Monthly Cost: £1,528
Rent £730,
Service charge £311,
Mortgage £487*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Fourth floor purpose built apartment. Our Spring Offer: A £1,000 Amazon voucher on completion!*
Description
SHARED OWNERSHIP
Full Market Value:£320,00
You pay (30%):£96,000
Monthly Rent:£730.06
Service Charge: £310.90
Ground Rent- £195 per annum
Council Tax Band - C
125 year lease commenced in January 2005 - 106 years remaining
NO PARKING
EWS1 B2 Rating - Letter of assurance available.
For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*
This well presented apartment consists of an open plan reception room with doors to a private balcony to relax on, a double bedroom and a shower room. There is also a large walk-in store.
Maltings Close is a short walk away from Bromley-By-Bow Underground and Devons Road DLR stations providing excellent transport options for Hammersmith & City, District and DLR services. Residents will enjoy versatile transport links for commutes to areas including Canary Wharf in just over a quarter of an hour, Moorgate within 23 minutes and other key destinations across the Capital. Locally, there are numerous green spaces including Mile End Park and Bartlett Park.
Olympic park and Westfield are both within walking distance alongside Hackney Wick which can be reached via the canal. There are amazing local businesses and events at Cody Dock and 3 Mills Studio which are also a few minutes' walk away.
You 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 £57,009 per annum with a 10% deposit. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note thatapplicants 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. Please ensure to keep a record of your unique registration 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.
*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
- Well located
- Views over the canal
- Contemporary bathroom
- Electric heating
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Key Information DocumentVirtual 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 30%, full price £320,000, £9,600 Min Deposit. Calculated using a representative rate of 4.64%