Share Price £198,000 (from 45% Min. Share)

Full Value £440,000 | £9,900 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in London - Greater London

place Thimble Court, Bow Common Lane, E3 4SD

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Thimble Court


Eligibility

The general eligibility criteria for Shared Ownership is as follows:

You must be at least 18 years old

In London your annual household income must be less than £90,000

You should generally be a first time buyer, i.e. you don’t already own a home. If you do already own, you must be in the process of selling it

You should not be able to afford to buy a home suitable for your housingneeds on the open market

You must show you are not in mortgage or rent arrears

You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can affordthe regular payments and costs involved in buying a home
You should have savings or to be able to easily access at least £4,000 to cover the costs of buying a home. This is a guideline figure – the actual amount you need will depend on the share you are purchasing.

In most cases you will also need to have enough savings or be able to easily access a minimum 5-10% of the equity share you are buying, as a deposit.


Description

Superb one bedroom apartment on the 6th floor, benefiting a terrace is now available for Resale.

This spacious accommodation includes an open plan living area,afully fitted modern kitchen, including integrated appliances.

The property is conveniently located, being a short walk from Devons Road (DLR) station, Mile End tube and Bow Road tube station are all close by.

Close to this property are plenty of green space and open sky, especially when you think you’re a stone throw from the City and Canary Wharf. Apart from plenty of parkland, you’ve got the canal, which you can walk all the way down to the Thames and up to Islington.

 Mile End London Underground Station 0.4 miles

 Devons Road DLR Station 0.8 miles

 St. Paul’s Way Trust School 0.2 miles

 Mile End Park 0.3 miles

A superb range of transport connections with The City, West End

and beyond all within easy reach.


Key Features

Kitchen

• Sand kitchen handless units

• Strombolian dark worktop and up-stand

• Glass splashback

• Stainless steel sink with chrome mixer, swivel tap

• Stainless brushed steel electric oven, built in microwave,

ceramic black hob and slimline telescopic cooker hood

• White integrated appliances including fridge/ freezer, washer / dryer

& dishwasher

• Porcelain stoneware floor area

Bathroom & en-suites

• Contemporary white bathroom suite

• Driftwood countertop

• Chrome sanitaryware

• Full height mirror (ensuites) and driftwood mirror cabinets (bathrooms)

• Compact white radiator with grilles

• Natural porcelain stoneware to wall and floor area

General

• Carpets to living room, bedrooms and hallway

• Matt white emulsion ceilings and walls

• Woodwork and internal doors painted in a white satin finish

• Silver colour (brass) door ironmongery

• Sky + provided to living room

• TV points provided to living room and all bedrooms

• TP points provided to living room and all bedrooms*

• Walnut veneer entrance door with controlled entry system

• Large terrace


Download Documents

Energy Certificate

Accessibility

D – Easy Access

Compatible with the design standards in Mobility Standard Housing (1974) produced by the DoE and Housing Corporation Scheme Development Standards (pre-1999) and Part M of Building Regulations (2000). The main features of these properties include a level approach to the entrance, wider doorways and more space than in general needs housing. These properties may also have an internal flight of stairs and if so, there is enough space to accommodate future provision of a stair lift subject to technical feasibility.


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Calculate Monthly Cost

Share price
£ 198,000
Min. £198,000
Share percentage
Min. 45%
Your deposit
Min. £9,900
Monthly cost*
£1,598
Cost breakdown
£578
Rent
£64
Service charge
£956
Mortgage*
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Disclaimer

The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together:

  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.


NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.