2 bedroom apartment for sale
Whitby House, 26 Marsh Wall, E14 9AX
Share percentage 25%, full price £500,000, £12,500 Min Deposit.
Share percentage 25%, full price £500,000, £12,500 Min Deposit
Monthly Cost: £2,039
Rent £1,124,
Service charge £284,
Mortgage £631*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
As a guide you will need to have a household income of at least £69,047. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £12,500. Total approximate savings required £16,500.
Important borough specific eligibility criteria
Tower Hamlets
Priority will go to applicants with a connection to Hillingdon 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
Two-bedroom sixth floor flat in Tower Hamlets available through Shared Ownership full value £500,000 (25% share price of £125,000)
Description
SPECIFICATION
Sixth floor
- Hallway
- Reception
- 2 Bedroom 2
- Bathroom with W/C
- Living room/kitchen
GIA
76 sqm
EPC rating
C
Length of lease
109 years remaining
Borough
Tower Hamlets
Key Features
- Property is situated in an urban location.
- This property is fantastically located near to the Thames River Path
- Good local amenities with schools, pubs, cafes, convenience stores etc.
Local Transport
- Transport links are good with Canary Wharf train station with walking 0.6 miles of the subject
- West India Quay (0.6 miles).
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: E
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: No
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 25%, full price £500,000, £12,500 Min Deposit. Calculated using a representative rate of 4.59%
