2 bedroom apartment for sale
Lock Mill Apartments, E2 8GF
Share percentage 30%, full price £630,000, £18,900 Min Deposit.
Share percentage 30%, full price £630,000, £18,900 Min Deposit
Monthly Cost: £2,100
Rent £905,
Service charge £241,
Mortgage £954*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Two bedroom purpose built apartment would suit sharers
Description
SHARED OWNERSHIP
Full market value - £630,000
You pay (30%) - £189,000
Monthly rent - £904.85
Service charge - £241.25
Ground rent payable - £100 per annum
Council Tax Band - D
125 year lease commenced in February 2017 - 116 years remaining
EWS1 Certification is available for this property - B1 rating
Enter this south facing apartment via a spacious hallway with storage. The well proportioned reception room is to your right and incorporates a modern kitchen with integrated appliances. This rooms leads, via double doors, onto a private balcony. There are two double bedrooms, the master having benefit of an en-suite shower room and fitted storage. A contemporary family bathroom complees the accommodation.
This home is located under a quarter of a mile from Haggerston Park. The popular restaurants and Cafes of Broadway Market and Columbia Market are just over half a mile away.
Great transport links are provided with Cambridge Heath, London Fields, (National Rail), Hoxton (Overground) & Bethnal Green (Central line) all within easy reach, providing easy access into the City, West End & beyond. Additionally, several bus routes serve the area and there is a bus stop directly outside. The A10 is a short drive away & offers you road links to A13, A1202 & A503.
The green open spaces of Haggerston Park, London Fields and Victoria Park are also within easy reach, with the delights and charm of Regents Canal with its colourful collection of narrowboats also just a short 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 £78,134. 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.com and 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 April 2025.
Key Features
- Communal heating system
- Communal gardens
- Cycle storage
- Two bathrooms
- Close to Haggerston Park
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 30%, full price £630,000, £18,900 Min Deposit. Calculated using a representative rate of 4.59%
