Share Price £157,500 (from 25% Min. Share)

Full Value £630,000 | £15,750 Min. Deposit

Scheme: Shared Ownership Resales

check_circle Available now

Resales - 1 bed apartment in Tower Hamlets

place Ceylon House, 70 Alie Street, E1 8PZ

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Tower Hamlets: One-Bed, Seventh Floor Apartment with Balconies, now available


Eligibility

You may be eligible for this property if: -You are at least 18 years old -Your annual household income is be less than £90,000 -You are unable to purchase a suitable home to meet your housing needs on the open market -You are generally a first time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply Please note that applicants will be expected to purchase the maximum share that is sustainable for them.

Description

Once you have registered your interest, you will receive an email with a link to book your viewing.

Ceylon House property is a one-bed, purpose built flat. The property is situated on the seventh floor of an eight-storey apartment block with lift access, built around 2016. Conveniently located on the City fringe, the lease remaining on the property is 122 years.

There are great transport links with East Aldgate and Aldgate Underground Stations 0.3 miles away, served by Circle, Metropolitan, District and Hammersmith & City lines, and linking to Central Londoninless than 20 minutes.

Shopping facilities are close by on Leman Street and Commercial Rd. less than 0.2 miles away. Aldgate, Whitechapel and Brick Lane Market all offer a wealth of bars, restaurants and clubs. For more leisure and enjoyment, Whitechapel Gallery iswithin 0.2 miles.

  • Nearest Tube station: Aldgate East& Aldgate - 0.3 miles
  • Nearest Station:Fenchurch Street Station - National Rail.
  • Bus Routes: 25, 205, 254, N25, N253

The property located on the seventh floor comprises:

  • Entrance: Hallway with utility room and video entry phone system
  • Living Room (7.61m x 3.39m): Spacious lounge with door to balcony, storage cupboardand double glazed windows leading to modern open plan kitchen. White oak laminate flooring.
  • Kitchen: Off-white base and wall units with granite worktop andstainless-steel back splash. Integrated appliances; stainless steel oven, hob, extractor fan and full height fridge-freezer. White oak laminate flooring.
  • Bedroom (4.51m x 3.78m): Double Bedroom with a spacious fitted wardrobe and door to balcony. Woolmix carpeted flooring.
  • Bathroom (2.7m x 2.1m):Grey suite comprising panelled bath with shower over, WC and hand washbasin with wall sized mirror. Full height tiling. Heated towel rail. Tiled flooring.
  • Outside:Twolarge balconies (2.7m x 2.1m, each),communal garden and secured cycle storage.

What happens after I register my interest?

After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact peabody.resales@peabody.org.uk and our team will be able to help you.


Key Features

  • Available through Shared Ownership
  • Great Transport Links
  • Private Balcony
  • One Bedroom
  • Lift Access

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Calculate Monthly Cost

Share price
£ 157,500
Min. £157,500
Share percentage
Min. 25%
Your deposit
Min. £15,750
Monthly cost*
£1,638
Cost breakdown
£825
Rent
£134
Service charge
£679
Mortgage*
Calculated using a representative rate of 3.09%
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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.