2 bedroom apartment for sale
May House, 3 Thomas Fyre Drive, E3 2ZF
Share percentage 25%, full price £385,000, £9,625 Min Deposit.
Share percentage 25%, full price £385,000, £9,625 Min Deposit.
Monthly Cost: £1,374
Rent £711,
Service charge £177,
Mortgage £486*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £47,500. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £9,625.Total approximate savings required £13,625
Important Borough Specific Eligibility Criteria
Borough of Tower Hamlets
Applicants from all London boroughs will be considered, with priority given to Tower Hamlets applicants.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
2 Bedroom Fifth Floor Apartment in Tower Hamlets
Description
The accommodation comprises:
Internally
Ground Floor: Communal entrance hall and lift.
Fifth Floor: Hallway, Lounge/kitchen, two bedrooms and bathroom/WC.
Externally: Balcony.
The subject property is approximately 64 sq. m.
Approx 115 years remaining on lease
Key Features
Local Transport
Bow Church DLR – 0.3m
Bow Road Underground – 0.5m
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 25%, full price £385,000, £9,625 Min Deposit. Calculated using a representative rate of 4.59%
