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Backchurch Lane - 1 bed apartment in Tower Hamlets

Backchurch Lane, London, London - East, E1 1LX

Available Now

Full price £565,000 / minimum share £141,250 (25%)

Stunning 1 bedroom apartments in the heart of London - Only 2 remaining - Call now to arrange a viewing

Affordable housing scheme: Shared Ownership (Also known as part buy part rent, you purchase a share of a brand new property and rent the remainder from the housing provider. The price shows the minimum share available, and the size of the share you purchase will depend on what you can afford.)

Budget calculator

Estimated total monthly cost£1,787

(includes: rent£971,

service charge£109,

estimated mortgage£708)

Only 2 remaining apartments - Hurry call now to arrange a viewing.

Back Church Lane is in Shadwell in the London Borough of Tower Hamlets, postcode area E1. Situated on Back Church Lane, which meets the A13 Commercial Road at the north junction and the B126 Cable Street to the south junction

Back Church Lane comprises of four elegant one bedroom apartments situated in the heart of East London. The internal specification is exemplary with fabulous custom built kitchens, sleek bathrooms and a luxurious bedroom it provides a perfectly practical living space.

Located minutes from the City and Canary Wharf, residents at Back Church Lane will be extremely well located for transport, leisure and entertainment options. The nearest station to Back Church Lane is Aldgate East Tube Station which is around a 6 minute walk away. Tower Hill Underground station will be just a 10 minute walk away, providing fast connections to key destinations including Liverpool Street, Canada Water and London Bridge. In addition, just a short walk away is Brick lane which leads straight into the heart of Shoreditch and then onto the City. Apart from the exceptional nightlife, interesting and innovative cafes and restaurants are constantly popping up in the area making Shoreditch a new destination for foodies.

East London is a close-knit yet diverse community with an enchanting local flavour; this little known gem is lined with independent outlets from interior design shops to delicatessens, coffee shops to gastropubs making Back Church Lane the perfect spot for young professionals looking to make the most out of what the city has to offer.

For further information or to book a viewing please email Clarion@redloft.co.uk or call 0844 225 3071

Price List Property Brochure

Accessibility Rating

Check with provider for accessibility information.

Eligibility

Priority to those living or working in Tower Hamlets but every one can apply.

Shared Ownership is an excellent way for people who are unable to buy on the open market to take their first step onto the property ladder. Under the Shared Ownership scheme, you buy a share of the property’s value and pay a subsidised rent on the remaining share. A key advantage is that, as part-owner, you have a stability of tenure that renting cannot offer. Over time, you can buy more of the property until you own 100%.

You will need a small deposit at the outset – generally a minimum of 5% of your share, subject to conditions – and you will need to raise a mortgage on the rest of the sum required.

Am I eligible?

There are certain conditions to be eligible for a Shared Ownership property:

• Your annual household income must be no more than £80,000.

• You must be unable to purchase a home suitable for your needs without assistance.

• You must be able to demonstrate a connection to the local area of the development.

• You must not have any outstanding credit issues (i.e. unsatisfied defaults or county court judgments).

• You must be a first-time buyer. If you already own a home and need to move but cannot afford to, or you have equity from a recent sale, please contact us, as there are some circumstances under which you may still be eligible.

If we think you may be eligible, you will be asked to have a free financial assessment with a Shared Ownership mortgage specialist to find out what share you can afford to buy. You will also be asked to complete an application form with the local Help to Buy agent. Sometimes you may need to be registered with your Local Authority. Specific criteria will be detailed on the information for each property




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.

  • High quality specification
  • Modern contemporary fixtures and fittings
  • Underfloor heating is a feature with these properties
  • Entry phone system
  • Close to London underground station (Aldgate East)
  • Great city location
  • Close to amentities



YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Share to Buy Ltd is authorised and regulated by the Financial Conduct Authority. FCA register number 306800. You can find more detail on our status in our Initial Disclosure Document [109k] and Terms of Business.

For further information, contact us or write to: Share to Buy, PO Box 11998, Sudbury CO10 3BS. Registered in England and Wales no: 04909788.