Share Price £186,000 (from 40% Min. Share)

Full Value £465,000 | £18,600 Min. Deposit

Scheme: Shared Ownership Resales

check_circle Available now

2 bedroom apartment in Tower Hamlets

place 14 Umberston Street, Whitechapel, E1 1PY

Budget Calculator
Calculate monthly cost help
Sign in to Register Your Interest mail

One Housing Group (resales)

favorite_outline Save Property

40% Share available


Eligibility

Eligibility Criteria

 

· 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

A well presented and nicely designed second floor two bedroom flat within the trendy Whitechapel/city borders. Located close to an array of amenities in Whitechapel and Shoreditch. Whitechapel High Street, Brick Lane and Spitalfields with their abundance of cafes, restaurants and boutique shops are all within a 15 minute walk away. The property boasts excellent transport links and would be an ideal location for city professionals. Within easy access to both tube and over-ground stations - Whitechapel, Shadwell and Aldgate stations are all less than a 10 minute walk away.  Commercial Road is also a stone’s throw away and is a major bus route serving many locations and most importantly the city can be easily accessed within 15 minutes by foot.

 

The property comprises of a spacious and well proportioned semi-open plan kitchen and living room with a modern fitted kitchen. Off the hall there is a large and bright master bedroom and a further double bedroom. There is also a good sized family bathroom comprising of a white suite, shower over the bath and a heated towel rail. A west facing private balcony is a nice addition to the flat and can be accessed from both the living room and master bedroom.


Key Features

-        2 double bedrooms

-        Private balcony

-        Additional Storage cupboard in hallway

-        Secure bicycle storage

-        Door entry phone system

-        Lift

-        Close to local shops and transport links


Budget Calculator
arrow_backwards Back to 2 bedroom apartment in Tower Hamlets

Calculate Monthly Cost

Share price
£ 186,000
Min. £186,000
Share percentage
Min. 40%
Your deposit
Min. £18,600
Monthly cost*
£1,505
Cost breakdown
£519
Rent
£184
Service charge
£802
Mortgage*
Calculated using a representative rate of 3.09%
help

Sign in to Register Your Interest mail

One Housing Group (resales)

favorite_outline Save Property

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.