2 bedroom apartment for sale
Woodgrange Road, Forest Gate, E7 8BA
Share percentage 25%, full price £480,000, £6,000 Min Deposit.
Share percentage 25%, full price £480,000, £6,000 Min Deposit.
Monthly Cost: £1,704
Rent £825,
Service charge £195,
Mortgage £684*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
ELIGIBILITY:
Priority will be given to applicants with a live/work connection to the Newham borough.
You must be at least 18 years old.
You cannot afford to buy a home suitable for your needs on the open market.
You will need sufficient savings for a mortgage deposit and a clean credit history to qualify for a mortgage.
In London, your annual household income must be less than £90,000.
You cannot own another home. Shared Ownership purchasers are often first time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
For further details on Shared Ownership please visitwww.latimerhomes.com/buying-with-latimer/shared-ownership
Summary
Enjoy the summer on your balcony | Open plan living space | Good storage space | Fitted wardrobe to bedroom 1 | Integrated appliances | Well-connected location
Description
Plot 15 is a generous two bedroom apartment on the second floor, with an open plan living/kitchen/dining area opening out onto your private balcony. The generous main bedroom benefits from a fitted wardrobe and there is good storage space in the rest of the apartment.The contemporary kitchen includes a fridge/freezer, dishwasher and washing machine and the bathrooms boast porcelain tiles and white sanitaryware.
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
Property Downloads
Key Information Document Floor Plan Brochure Price ListMap
The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.
- 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 and repairs for communal areas within your development.
- Mortgage: Share to Buy use a database of mortgage rates to work out the rate likely to be available for the deposit amount shown, and then generate an estimated monthly plan on a 25 year capital repayment basis.
NB: This mortgage estimate is not confirmation that you can obtain a mortgage and you will need to satisfy the requirements of the relevant mortgage lender. This is not a guarantee that in practice you would be able to apply for such a rate, nor is this a recommendation that the rate used would be the best product for you.
Share percentage 25%, full price £480,000, £6,000 Min Deposit. Calculated using a representative rate of 5.26%