1 bed Flat For Sale £83,750
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.
An impressive one bedroom apartment on the first floor of a modern development, benefiting from contemporary fittings and pleasant views across East London. The accommodation comprises; hallway, open plan kitchen/reception room, double bedroom, bathroom and a private balcony. The building benefits from a communal garden, lift and stair access to all floors, secure door entry system and bicycle storage area.
Property Value: £335,000
Minimum Share: 25%
Share Value: £83,750
Lease Term - 122 years (approx.)
Rent pcm - £598.18
Service charge pcm - £259.12
Gross internal area: 538 sq.ft / 50 sq.m
EPC Rating: B
Council Tax Band: B
Ground rent p.a.: £150 (payable from final staircasing to 100% ownership, subject to review every 25 years)
The area is well served for transport with Leyton underground station within 10 minute walk, providing easy access to the underground network and nation rail terminals. There are numerous local bus routes. A variety of local shops, cafes and restaurants can be found nearby.
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.
An impressive one bedroom apartment on the first floor of a modern development, benefiting from contemporary fittings and pleasant views across East London. The accommodation comprises; hallway, open plan kitchen/reception room, double bedroom, bathroom and a private balcony. The building benefits from a communal garden, lift and stair access to all floors, secure door entry system and bicycle storage area.
Property Value: £335,000
Minimum Share: 25%
Share Value: £83,750
Lease Term - 122 years (approx.)
Rent pcm - £598.18
Service charge pcm - £259.12
Gross internal area: 538 sq.ft / 50 sq.m
EPC Rating: B
Council Tax Band: B
Ground rent p.a.: £150 (payable from final staircasing to 100% ownership, subject to review every 25 years)
The area is well served for transport with Leyton underground station within 10 minute walk, providing easy access to the underground network and nation rail terminals. There are numerous local bus routes. A variety of local shops, cafes and restaurants can be found nearby.
