2 bedroom apartment for sale
Mast Street, IG11 7HD
Share percentage 60%, full price £325,000, £19,500 Min Deposit.
Share percentage 60%, full price £325,000, £19,500 Min Deposit
Monthly Cost: £1,629
Rent £363,
Service charge £298,
Mortgage £968*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
Summary
Modern apartment situated in The Weavers Quarter Our Winter Offer: A £1,000 Ikea voucher on completion*
Description
SHARED OWNERSHIP
Full market value - £325,000
You pay (60%) - £195,000
Monthly rent - £216.21
Service charge - £297.75
Ground rent payable - £175 per annum
Parking charge - £12.64 per week
Council tax band - C
130 year lease commenced January 2017 - 123 years remaining
EWS1 Certification is available for this property - A2 rating
For a limited time, enjoy a £1,000 Ikea voucher to help with your move on this apartment*
This energy efficient apartment in a good community offers beautiful views. A well proportioned dual aspect living area opens onto private balcony. The modern kitchen includes integrated appliances. Two double bedrooms and a contemporary family bathroom complete the accommodation, which also has ample storage.
Barking Station, a few minutes walk away, offers excellent overground and underground connections into London, while the c2c line offers fast, reliable services throughout East London and South Essex. There are also three major supermarkets, a theatre, sports centre and shopping mall within walking distance.
A buyer will need to raise a mortgage to purchase this home.
To meet the requirements for this property we require as a guideline, a minimum household income of £61,776. 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. In order to register, please visit our website www.lqhomes.com to register and 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 January 2025.
*The £1,000 Ikea voucher incentive is available for a limited time on all 2, 3 and 4 bedroom resales properties and is redeemable for any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee, and where the buyer is purchasing a higher share than is being sold. The vouchers (2 x £500) will be supplied within 75 days of completion of the purchase and will be E-Vouchers, 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 or L&Q 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 resales shared ownership property.
Key Features
- Good transport links
- Close to local amenities including schools
- Integrated appliances
- Communal gardens
- Communal heating system
- Underground parking and bike store
Particulars
Tenure: Leasehold
Lease Length: 121 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 60%, full price £325,000, £19,500 Min Deposit. Calculated using a representative rate of 4.42%