1 bedroom apartment for sale
Catherine House, 5 Thomas Fyre Drive, E3 2ZG
Share percentage 25%, full price £320,000, £8,000 Min Deposit.
Share percentage 25%, full price £320,000, £8,000 Min Deposit
Monthly Cost: £1,167
Rent £614,
Service charge £156,
Mortgage £397*
Calculated using a representative rate of 4.42%
Calculate estimated monthly costs
You will need to be earning a guidance income of £40,322. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £8,000.Total approximate savings required £12,000
Important Borough Specific Eligibility Criteria
Borough of Tower Hamlets
Applicants from all London boroughs will be considered, with priority given to Tower Hamlets applicants.
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
Ground floor, 1 bedroom home in the London borough of Tower Hamlets for £80,000 25% share price of £320,000 ( full market price), available through Shared Ownership
Description
Viewings will be taking place:
Saturday 12th and Sunday 13th of July.
SPECIFICATION
Ground Floor:
Entrance Hall
Bathroom/wc
Double Bedroom
Lounge/Kitchen
Terrace accessed from main living room
GIA - 52sqm
EPC - C
Lease Term - 110 Years Remaining
Key Features
Modern Apartment in Bow - Located Within A Private Gated Development
Bow Church Station 0.2 miles (DLR) Bow Road Station 0.4 miles (District/Hammersmith & City) Zone 2 Mile End Station (Central line) 0.9 miles
Large Private Terrace Garden overlooking The Communal Grounds
Modern Fitted Kitchen with Integrated Appliances
Prime Zone 2 Living - This immaculate one double bedroom ground floor apartment is located within a gated development in Bow. Benefitting from its own private outdoor terrace garden overlooking the communal grounds.
This property is available from August.
Located in this very convenient part of Bow, with quick access to both Bow Church Station (DLR/Zone 2) providing direct routes to both Stratford and Canary Wharf, then 0.3 miles from the property is Bow Road Station (District Line - Hammersmith and City Line/Zone 2) providing access to Central London within 10 - 15 minutes.
Amenities nearby include the shops and restaurants along Bow Road and Mile End. Also nearby is Roman Road, with a variety of local shops, Tesco convenience store and local markets that are held every Tuesday, Thursday and Saturday. This property is also within walking distance to the beautiful Victoria Park and it is easy to get to Hackney Wick.
Westfield shopping centre is located nearby and can be accessed via the DLR or walking in around 20 minutes. Local open spaces include Mile End Park and the Queen Elizabeth Olympic Park, and note should also be made that the Bow Goods Yard regeneration will be additional space for local residents.
Local Transport
Bow Church DLR – 0.3m
Bow Road Underground – 0.5m
- Secure Gated Development
- Balcony
- Communal Roof Garden
Particulars
Tenure: Leasehold
Lease Length: 110 years
Council Tax Band: C
Property Downloads
Floor PlanMap
Material Information
Total rooms: 1
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: Yes - Terrace
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 £320,000, £8,000 Min Deposit. Calculated using a representative rate of 4.42%
