2 bedroom apartment for sale
District Court, Commercial Road, E1 1FE
Share percentage 35%, full price £720,000, £12,600 Min Deposit.
Share percentage 35%, full price £720,000, £12,600 Min Deposit.
Monthly Cost: £2,380
Rent £757,
Service charge £219,
Mortgage £1,404*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in London, Greater London
Description
Extremely central and modern two-bedroom apartment now available in London Zone 2 through Shared Ownership.
After a beautiful communal entrance with lifts, the property comprises a bright living room with a fitted open-plan kitchen, a private winter garden, and two large bedrooms. This could be ideal for a couple or a small family.
The flat is on the fourth floor of a newly built construction; it also has a communal gym, a 24/7 concierge service, and a CCTV security system.
Available for £252,000 for 35% share based on the marketing figure of £720,000.
Monthly rent - £757.29
Monthly Service Charge - £219.35
Total Monthly Charge - £976.64 plus mortgage required for 35% share.
An annual rent increase takes place every April
LocationThe property is located just around the corner from Aldgate East station, London Zone 2. This is an incredible convenient for walking to work and traveling around Central London.
Thanks to its central location, pubs, restaurants and shops are all nearby. The Spitalfields Market is also just a little over a 10-minute walk away.
Liverpool Street is a 15-minute walk away. The underground lines available are Elizabeth Line, Central, Circle, Hammersmith & City, District, Metropolitan, as well as railway lines.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 117
The remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom apartment
- Private winter garden
- Extremely central
- Communal gym
- Available for 35% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
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 35%, full price £720,000, £12,600 Min Deposit. Calculated using a representative rate of 5.03%
