1 bedroom apartment for sale
1801 Hobart Building, 2 Wards Place, E14 9LE
Share percentage 35%, full price £550,000, £19,250 Min Deposit.
Share percentage 35%, full price £550,000, £19,250 Min Deposit
Monthly Cost: £2,084
Rent £619,
Service charge £510,
Mortgage £955*
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 £66,497. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £19,250 Total approximate savings required £24,250.
Important borough specific eligibility criteria
Tower Hamlets
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 18th floor apartment in Tower Hamlets available through Shared Ownership 35% share £192,500 Full Market Value £550,000
Description
Viewings will be taking place:
Saturday 9th August and Sunday 10th August (between 10am-2pm)
Accommodation Internal
18th Floor
Entrance Hallway
Kitchen / Lounge
Bedroom 1
Bathroom
External
Private Balcony
EPC rating
B
GIA
54 SQM
Borough
Tower Hamlets
Key Features
Macro Location Canary Wharf, situated in East London in the London Borough of Tower Hamlets. It is defined by the Greater London Authority as being part of London's central business district, alongside Central London, City of London and the West End.
Micro Location The subject property is located along Marsh Wall within Canary Wharf. It is situated in a mixed residential area and commercial area and convenient for all local amenities, shops and public transport.
Overview The subject property comprises the leasehold interest in a one-bedroom flat located on the eighteenth floor of a forty-eighty storey, purpose-built building, constructed circa 2020.
Construction The building is of steel framed construction with concrete core and cladded with panels, There were no views of the roofs owing to the height and configuration of the building.
Floors throughout the building are of a suspended concrete construction. Natural lighting and ventilation is provided by aluminium framed windows.
Condition The overall standard of external appearance is good commensurate with the age and use.
The overall standard of internal appearance is good commensurate with the age and use.
Particulars
Tenure: Leasehold
Lease Length: 120 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: 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 35%, full price £550,000, £19,250 Min Deposit. Calculated using a representative rate of 4.42%
