Share Price £110,000 (from 25% Min. Share)

Full Value £440,000 | £5,500 Min. Deposit

Scheme: Shared Ownership

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2 bedroom apartment in Tower Hamlets

place Carmine Wharf, Copenhagen Place, E14 7FF

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Two bedroom property in Tower Hamlets


Eligibility

Applicants from all boroughs eligible to apply


Description

Not to be missed, reserve this 2 bedroom apartment with a £5,500 deposit

Located in the Carmine Wharf development, this two-bedroom, first floor shared ownership apartment is available for resale.

The property is finished to a high standard with modern kitchen and bathroom that complement the well-proportioned living space.

The apartment has no parking, but benefits from the private outdoor space - balcony.

Rectory Gardens, a small park located nearby is adjacent to the Limehouse Cut, a picturesque canal which links the River Thames to the River Lea. Its tow path is popular with walkers, joggers and cyclists alike and provides a traffic-free route eastward towards Bow Creek or westward to Limehouse Basin, where restaurants, bars and historic pubs and a large park are within easy walking distance.

Limehouse DLR station is a ten-minute walk, with access to Bank (6 minutes), Canary Wharf (5 minutes) and London City Airport (15 minutes).

FMV: £440,000
Share: 25% - £110,000
Monthly Rent: £756.25
Monthly Service Charge: £173.00
Minimum Income: £46,000
Minimum Deposit: £5,500


Key Features

Integrated kitchen

Modern bathroom

Balcony


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Calculate Monthly Cost

Share price
£ 110,000
Min. £110,000
Share percentage
Min. 25%
Your deposit
Min. £5,500
Monthly cost*
£1,485
Cost breakdown
£756
Rent
£178
Service charge
£551
Mortgage*
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Location

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.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.