2 bedroom apartment for sale

Available

Maltings Close, E3 3TB

£150,000 · Shared Ownership Resale

Share percentage 40%, full price £375,000, £15,000 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Floor plan
floor-plan
Floor plan
floor-plan
£150,000 Shared Ownership Resale

Share percentage 40%, full price £375,000, £15,000 Min Deposit.

Monthly Cost: £1,921
Rent £764, Service charge £396, Mortgage £761*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

£
Summary

Private Balcony - Excellent Transport Links

Description

Shared Ownership

Full Market Value: £375,000

Share Value (40%): £150,000

Monthly Rent: £763.85

Service Charge: £396.16

Council Tax Band: D

125 year lease commenced November 2005 - 106 years remaining

EWS1 - B2 Rating - Letter of assurance available.

L&Q welcomes you to view this two bedroom, sixth floor apartment.

This apartment consistsof an open-plan kitchen and living area, with natural light from wide floor-length windows, leading onto a private balcony. The kitchen is fitted with oak effect wall and base units, with a granite effect worktop. The kitchen also benefits from integrated appliances including an oven, hob, and extractor fan, with space for a washing machine and fridge freezer. Spacious main double bedroom benefitting from en-suitewith shower. Bright and airy second double bedroom. The bathroom comes complete with a white three-piece suite with a shower over bath and a white tile surround. Additional double storage cupboards in hallway.

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.

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 £71,365. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that 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 a property in one of our schemes. If you are not registered please visit our website www.lqhomes.comand 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 of May 2024.

Key Features
  • Private balcony
  • En-suite to master bedroom
  • Additional storage cupboards to hallway
  • Approx 0.5 miles from Bromley-by-Bow Underground Station
  • Good EPC rating - C
  • Communal gardens
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: D

Property Downloads
Key Information Document Floor Plan Energy Certificate
Map
Bromley-by-Bow (0.20 miles) Devons Road (0.49 miles) Langdon Park (0.51 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£150,000
Shared Ownership Resale
Estimated Monthly Cost:£1,921
Rent £764
Service Charge £396
Mortgage £761

Share percentage 40%, full price £375,000, £15,000 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.