1 bedroom apartment for sale
Ceylon House, 70 Alie Street, E1 8PZ
Share percentage 25%, full price £590,000, £14,750 Min Deposit.
Share percentage 25%, full price £590,000, £14,750 Min Deposit.
Monthly Cost: £2,033
Rent £1,011,
Service charge £274,
Mortgage £748*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Immaculate and centrally located one-bedroom, seventh floor apartment with private balcony, available in Tower Hamlets.
Description
Property reference number: 1638735
Ceylon House is a beautifully presented one-bedroom apartment located on the seventh floor, benefitting from a private balcony and communal garden.
The property is centrally located just a short walk from Aldgate Underground Station (0.3 miles) served by the Circle and Metropolitan lines. Local buses serve the area connecting you to central London.
There are a variety of local amenities to choose from with Sainsbury's local and Amazon Fresh for groceries as well as an abundance of shops, bars and restaurants just a stone's throw away. Walking distance from Ceylon House includes the Tower of London, Spitalfields Market, Shoreditch and St Katherine's Dock.
- Nearest station: Aldgate East (0.2 miles) Aldgate Underground station (0.3 miles) Liverpool Street Station (0.6 miles)
- Bus routes nearby: 15, 115, 135, 25, 205, 242, 254
Key Features
- Open plan kitchen
- Integrated kitchen appliances.
- Private balcony
What happens after I register my interest?
After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form.
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact Peabody.resales@peabody.org.uk and our team will be able to help you.
What is Shared Ownership?
Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.
Financial information
Remaining lease term: 117 years
Annual ground rent amount: £0
Ground rent review period: No ground rent to pay until final staircasing.
Annual service charge amount: £3,287.28
Service charge review period: Annually
Council tax band: E
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: E
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 25%, full price £590,000, £14,750 Min Deposit. Calculated using a representative rate of 4.64%