1 bedroom apartment for sale
35 Oriana House, 11 Grange Park Road, E10 5GW
Share percentage 35%, full price £350,000, £6,125 Min Deposit.
Share percentage 35%, full price £350,000, £6,125 Min Deposit.
Monthly Cost: £1,254
Rent £354,
Service charge £218,
Mortgage £682*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
For those looking to buy a Shared Ownership home, there are some eligibility requirements that must be met. The general eligibility criteria for Shared Ownership is as follows:
You must be at least 18 years old.
Outside of London your annual household income must be less than £80,000.
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.
You should not be able to afford to buy a home suitable for your housing needs on the open market.
You must show you are not in mortgage or rent arrears.
You must be able to demonstrate that you have a good credit history (no bad debts or County Court Judgements) and can afford the regular payments and costs involved in buying a home.
Additionally, you will generally need between 5-10% of the equity share that you’re purchasing as a deposit, and should have access to at least £4,000 to cover the other costs of buying a property. This is a guideline figure and the actual amount may vary.
Summary
1 Bedroom 4th Floor Apartment , for Shared Ownership Resale - E10
Description
A wonderfully presented forth floor 1 bedroom property available now for resale in Waltham Forest under the Shared Ownership Scheme.
The Shared ownership scheme is a fantastic opportunity for first time buyers to purchase their first home.
This wonderful 1 bedroom property, with open plan living, dining area and a communal roof terrace has been designed to meet your every comfort and provides a contemporary feel, perfect for relaxed living.
Located a short walk away from Leyton Underground Station and Leyton Midland Station., there are also alot of local amenities, parks and good schools close by.
Council Tax: B
The property benefits from:
- Fitted integrated appliances such as Fridge, Oven, Hob & Hood which are included in the sale
- Communal Roof Terrace
- Carpets to bedrooms
- Wooden effect flooring to lounge and hallway areas
- Modern décor throughout
- Solar Panels on roof
- Good local transport links & amenities close by
Parking permits can be requested via Council.
To receive more information and book viewing please email or call to register your interest: 0203 376 6455 or [email protected]
Particulars
Tenure: Leasehold
Lease Length: 114 years
Council Tax Band: B
Property Downloads
Key Information Document Floor PlanVirtual Tour
Video Tour
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 £350,000, £6,125 Min Deposit. Calculated using a representative rate of 5.03%
