2 bedroom apartment for sale
District Court, Commercial Road, E1 1FE
Share percentage 25%, full price £720,000, £9,000 Min Deposit.
Share percentage 25%, full price £720,000, £9,000 Min Deposit.
Monthly Cost: £2,198
Rent £940,
Service charge £232,
Mortgage £1,026*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Aldgate, London
Description
Modern, eco-sustainable & spacious two-bedroom apartment now available in Aldgate, London Zone 2, through Shared Ownership.
The property comprises a wide living room with access to a winter garden/covered balcony, an open-plan fitted kitchen, and two bedrooms. This could be ideal for a couple or a single person.
The flat is on the ground floor of a stunningly built structure in Whitechapel, with building gym access.
Available for £180,000 for 25% share based on the marketing figure of £720,000.
Monthly rent - £940.44
Monthly Service Charge - £232.36
Total Monthly Charge - £1,172.80 plus mortgage required for 25% share.
An annual rent increase takes place every April
LocationThe District Court benefits from landscaped gardens and enjoys a convenient location. It's within walking distance to the City, Spitalfields Market, Tower Bridge, and Shoreditch, offering an extensive array of shopping, restaurants, bars, and entertainment options within easy reach.
Transport links are excellent. Four Zone One Underground stations (Aldgate, Aldgate East, Tower Hill, and Liverpool St.) are within walking distance. Additionally, the DLR at Tower Gateway and Liverpool Street, as well as Fenchurch Street Rail, are all easily accessible.
EPC ratingEnergy rating band - B
Environmental impact band - B
Gross internal floor area: 71 m²
Living room & kitchen: 8.66 x 5.31 m
Bedroom 1: 4.88 x 3.05 m
Bedroom 2: 3.66 x 2.44 m
Winter Garden: 5.23 x 1.65 m
Years remaining on lease: 116
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom apartment
- Building gym access
- Winter Garden
- Modern building (2010)
- London Zone 2
- Available for 25% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 £720,000, £9,000 Min Deposit. Calculated using a representative rate of 5.26%
