1 bedroom apartment for sale
Braithwaite House, Forrester Way, E15 1GH
Share percentage 40%, full price £450,000, £18,000 Min Deposit.
Share percentage 40%, full price £450,000, £18,000 Min Deposit
Monthly Cost: £1,863
Rent £720,
Service charge £250,
Mortgage £893*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £66,000. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £18,000. Total approximate savings required £22,000.
Important borough specific eligibility criteria
Borough of Newham
Priority will go to applicants with a connection to Newham but all applicants can apply.
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 and are deemed to be in need of housing by your local council.
Summary
One bedroom apartment available in Newham through Shared Ownership. 40% share available for £180,000. Full property value £450,000.
Description
This is a well maintained one bedroom apartment located on the second floor set around a beautifully landscaped garden square, in close proximity to Queen Elizabeth Olympic Park, a thriving shopping centre and has excellent transport links to the city. The property is minutes away from Stratford International and Underground stations (Zones 2/3). You can get to Bank Station in approximately 11 minutes and Oxford Circus in 20 minutes.
Internally
- Communal hall, stairs, lift and landings
- Hallway
- Open plan living room and kitchen with balcony off
- Bedroom
- Bathroom
- General storage
Gross internal area
52 sqm
EPC rating
B
Lease length
120 years remaining
Borough
Newham
Rent:
£720.07
Service charge:
£250 (estimated)
Admin fee:
£13.50
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: n/a - Private Balcony
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 40%, full price £450,000, £18,000 Min Deposit. Calculated using a representative rate of 4.42%
