Share Price £335,000 (from 100% Min. Share)

Full Value £335,000 | £16,750 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Tower Hamlets

place 50 Eluna Apartments, 4 Wapping Lane, E1W 2RG

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One bedroom Apartment - Second Floor


Description

A well-presented one double bedroom apartment on the second floor within a modern five storey apartment building. Accommodation comprises a reception room with open plan kitchen, one double bedroom and bathroom. The building also benefits from lifts serving all floors.

Lease Term - 125 Years from January 2004 upon completion
Service charge pcm - £129.08
Gross internal area- 411 sq.ft /38.18 sq.m

A variety of shops, cafes, restaurants and riverside bars are available in the area; along nearby Wapping High Street. Overground trains from Wapping station and overground and DLR from Shadwell station provide good transport links to the City and London’s West End.


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Calculate Monthly Cost

Share price
£ 335,000
Min. £335,000
Share percentage
Min. 100%
Your deposit
Min. £16,750
Monthly cost*
£1,798
Cost breakdown
£0
Rent
£129
Service charge
£1,669
Mortgage*
Calculated using a representative rate of 3.94%
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Location

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.