1 bedroom apartment for sale
Maud Street, E16 1YR
Share percentage 25%, full price £340,000, £8,500 Min Deposit.
Share percentage 25%, full price £340,000, £8,500 Min Deposit.
Monthly Cost: £973
Rent £152,
Service charge £390,
Mortgage £431*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £24,607. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £8,500.Total approximate savings required £12,500.
Important borough specific eligibility criteria - Newham
All London applicants will be considered, with priority given to Newham applicants.
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.
Summary
One-bedroom eighth floor apartment in Newham available through Shared Ownership 25% at £85000, full market price £340,000
Description
Internal
Hallway
Bedroom 1
Bathroom
Lounge/Kitchen
External
Private Balcony
GIA
85sqm
EPC rating
B
Length of lease
150 years
Borough
Newham
Key Features
Transport
Canning Town (0.25 miles)
Royal Victoria (0.58 miles)
Custom House (0.77 miles)
Local Area
Easy access to various amenities; schools, gyms, shops, restaurants, bars and recreational facilities.
Particulars
Tenure: Leasehold
Lease Length: 150 years
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 £340,000, £8,500 Min Deposit. Calculated using a representative rate of 4.64%