Share Price £175,000 (from 50% Min. Share)

Full Value £350,000 | £17,500 Min. Deposit

Scheme: Shared Ownership Resales

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1 bedroom apartment in Tower Hamlets

place Kelday Heights, 2 Spencer Way, E1 2PW

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One Housing Group (resales)

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1 Bedroom Flat


Eligibility

· Household income must not exceed £80,000 (outside of London) or £90,000 (in London)

· Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property)

· No cash buyers

· No pets

· Applicants must be able to afford their purchase, and sustain their housing costs

· Applicants are primarily expected to be first time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners

· Applicants must be unable to purchase a property suitable to meet their needs on the open market

· Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis

Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer.


Description

This stylish contemporary 1 bedroom flat comprises of spacious reception room, modern kitchen, good sized double bedroom with deep built in wardrobe, fully tiled bathroom with an overhead shower and bath plus generous hallway. The property offers central heating, double glazing and big private balcony. Building benefiting from Concierge Services & CCTV.

The property is ideally located in new development with seconds from Shadwell tube & DLR station, only 1 stop from Bank Station (City of London).


Key Features

West Facing Balcony
Bathroom fitted with white suite, shower over bath and heated towel rail
Laminate flooring throughout
Central Heating
Double glazing
Large balcony
Secure bicycle storage
Door entry phone system
Close to local shops & market
Close to transport links


Download Documents

Link to the floor plan
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Calculate Monthly Cost

Share price
£ 175,000
Min. £175,000
Share percentage
Min. 50%
Your deposit
Min. £17,500
Monthly cost*
£1,361
Cost breakdown
£430
Rent
£177
Service charge
£754
Mortgage*
Calculated using a representative rate of 3.09%
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One Housing Group (resales)

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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.