2 bedroom apartment for sale
Orkney Court, E1 4RW
Share percentage 25%, full price £400,000, £10,000 Min Deposit.
Share percentage 25%, full price £400,000, £10,000 Min Deposit
Monthly Cost: £1,603
Rent £830,
Service charge £268,
Mortgage £505*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Purpose built two bedroom apartment at Mile End
Description
SHARED OWNERSHIP
Full Market Value - £400,000
You Pay (25%) - £100,000
Monthly Rent - £830.18
Service Charge - £268.08
Annual Ground Rent - N/A
99 year lease commenced January 2013 - 86 years remaining
Council Tax Band : C
EWS1 Certification is available fo this property - B2 rating. Letter of assurance available for lenders - no costs to be met by lease holders
This well presented dual aspect apartment features a large east facing open plan living area, which incorporates a modern kitchen with integrated appliances and opens onto a private balcony overlooking communal gardens. In addition, there are two west facing double bedrooms, one with a fitted wardrobe, and a contemporary family bathroom. There are also two storage cupboards in the hallway.
This area boasts an abundance of open green space nearby including Mile End Park, extending to Victoria Park, the Regents Canal and River Thames path. There are also a variety of local schools, as well as a vast array of local restaurants, bars, galleries and markets creating a vibrant and versatile setting.
Ideally located between three stations; Stepney Green (District and Hammersmith and City), Mile End Station (District, Hammersmith, and City and Central) and Limehouse (DLR) you have fantastic links into Canary Wharf, Central London and beyond. Whitechapel Station and the Elizabeth Line link you with Bond Street in 10 minutes and Heathrow in 35 minutes.
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 £59,823. 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 May 2025.
Key Features
- Close to local amenities
- Integrated appliances
- Good transport links
- Communal heating
- Communal gardens
Particulars
Tenure: Leasehold
Lease Length: 86 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: Yes - 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 25%, full price £400,000, £10,000 Min Deposit. Calculated using a representative rate of 4.59%
