Share Price £150,000 (from 25% Min. Share)

Full Value £600,000 | £7,500 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Tower Hamlets

place Aldgate Place, Commercial Road, E1 1FE

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A one bedroom fourth floor flat located in London available through Shared Ownership Scheme.


Description

Full Description

A one bedroom fourth floor flat located in London available through Shared Ownership Scheme.
Available for £150,000 for 25% share based on the marketing figure of £600,000.

SO Resi Monthly Payment - £624.62
Monthly Service Charge - £215.98
Total Monthly Charge - £ 840.6 PLUS MORTGAGE REQUIRED FOR 25% SHARE

This amazing one bedroom flat is situated on the fourth floor of a twenty-three storey (at highest point) purpose built block served by lift and stairs. In more detail the accommodation comprises one spacious bedroom, bathroom, open plan kitchen/reception room with winter garden. The property is located in a popular inner city environment close to local amenities and transport links.

You can buy more shares for minimum of 10%

Lounge/Kitchen
4.29 x 7.58

Bedroom One
3.37 x 3.50

Overall property
52m2

EPC Rating
Energy Rating Band - B
Environmental Impact Band - A

All room dimensions approximate.

Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.


Key Features

  • One bedroom fourth floor flat
  • Contemporary space
  • Winter garden
  • On-site gym
  • Secure video entry system
  • Children's playground
  • Communal heating and hot water
  • No parking space
  • Close to local amenities in London

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
£ 150,000
Min. £150,000
Share percentage
Min. 25%
Your deposit
Min. £7,500
Monthly cost*
£1,588
Cost breakdown
£625
Rent
£216
Service charge
£747
Mortgage*
Calculated using a representative rate of 3.94%
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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.