1 bed Flat For Sale, 69 Schoolhouse Lane, London E1W

Description

If you are unable to buy a property outright on the open market, then Shared Ownership could be the ideal solution for you. It is a part-buy, part-rent scheme, which enables purchasers to buy an initial share of usually between 25% and 75% the value of the property and pay a subsidised rent on the remainder. A service charge may also be payable to cover the cost of communal maintenance. Shared Ownership properties are designed as a stepping stone to completely owning your own home, allowing you to buy as much as you can afford when you can afford it.

A resale is a Shared Ownership property that the current owner bought new from us or as a resale. Buying a resale property makes you an owner-occupier because you are buying at least the current owner's share on the existing lease. The great thing about choosing to buy a re-sale shared ownership property is that it gives you the opportunity to speak to the previous owner and to find out more about the area.

A bright and spacious one bedroom apartment located on the 4th floor of a modern development. The accommodation comprises; hallway, open plan kitchen/reception room, bedroom and bathroom. The building benefits from lifts serving all floors and an entry phone system.

Property Value: £350,000
Minimum Share: 35%
Share Value: £122,500
Lease Term - 86 years (approx.)
Rent pcm - £422.97
Service charge pcm - £164.60
Gross internal area: 592 sq.ft / 55 sq.m

A variety of local shops, cafes and restaurants serve the area and nearby bus routes provide good public transport links to Canary Wharf and the City. Limehouse Station is located just a few hundred metres from the property for both National Rail and DLR train services.

Follow the link for more information:

        
zoopla.co.uk

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1 bed Flat For Sale £122,500 69 Schoolhouse Lane, London E1W

1 bed Flat For Sale £122,500
69 Schoolhouse Lane, London E1W