Share Price £223,750 (from 25% Min. Share)

Full Value £895,000 | £11,188 Min. Deposit

Scheme: Shared Ownership Resales

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3 bedroom apartment in Tower Hamlets

place Wiverton Tower, New Drum Street, E1 7AS

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A three bedroom apartment located in available through the Shared Ownership Scheme


Description

A three bedroom apartment located in available through the Shared Ownership Scheme.
Available for £223,750 for 25% share based on the marketing figure of £895,000.
SO Resi Monthly Payment - £939.83
Monthly Service Charge - £254.09
Total Monthly Charge - £939.83 PLUS MORTGAGE REQUIRED FOR 25% SHARE
Minimum income requirement - £1,193.92


Full Description

London properties - Incomes required are based on the following assumptions: Deposit 5%, mortgage interest rate 2.99% & mortgage term 25 years. Income required will be reduced if you have a higher deposit available.

Buy more shares for a minimum of 10%

The property is a three bedroom third floor flat in a large modern residential development in Aldgate, Central London.
The flat is within walking distance of the City of London and benefits from being in a central location. The nearest underground station is Aldgate East, (District and Circle Lines) and within reasonable travelling distance of the local shopping and recreational facilities within the area.

Property Details


Ground Floor
Communal Entrance

Third Floor
Reception/ Kitchen, Three Bedrooms, Bathroom with WC, Hallway.

Externally
The subject property has a balcony.

EPC Rating

Energy Rating Band - B
Environmental Impact Band - B

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

  • Three bedroom flat
  • Good condition
  • Double glazed
  • Contemporary design
  • Electric heating
  • Communal grounds
  • Secure bike storage
  • 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
£ 223,750
Min. £223,750
Share percentage
Min. 25%
Your deposit
Min. £11,188
Monthly cost*
£2,309
Cost breakdown
£940
Rent
£254
Service charge
£1,115
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.