Share percentage 25%, full price £345,000, £4,313 Min Deposit.
Monthly Cost: £1,311
Rent £593,
Service charge £238,
Mortgage £480*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
- Your household income does not exceed £80,000 (outside of London) and £90,000 (inside of London)
- You have a deposit of at least 5% of the share value
- You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
- This will be your only residence.
- You are a permanent UK resident or have indefinite right to remain.
Summary
Wonderful 1-bedroom apartment in the Coronation Square development. The price advertised represents purchasing a 25% share of the home.
Description
Wonderful 1-bedroom apartment in the Coronation Square development. The price advertised represents purchasing a 25% share of the home.
About the Development
Discover Wigeon Heights at Coronation Square,nestledin the heart of Leyton's dynamic East London neighbourhood. Just a stroll away from the Central Line, Coronation Square offers a fresh community experience.
Built by 5-star housebuilder Taylor Wimpey, these thoughtfully designed1and 2-bedroom apartments boast cosy living spaces and private balconies or terraces overlooking lush garden courtyards.Atthe centre of the development, the vibrant Central Square awaits, featuring artisanal market stalls and a range of public amenities, including shops and sports facilities.
With its exceptional transport links and an array of cafes, pubs, shops, and green spaces, Coronation Square offers the perfect blend of modern convenience and community charm. Begin your Shared Ownership journey today at Coronation Square.
About the Area
Coronation Square sits near Leyton's parks, shops, pubs, eateries, and handy amenities. It's also adjacent to the popular Coronation Gardens and Queen Elizabeth Olympic Park. This development will create a fresh neighbourhood hub, linking existing and emerging communities.
Leyton underground stationis conveniently locatedjust an 8-minute walk away, offering swift Central line services to Stratford in just two minutes. DLR connections from Leyton provide easy access to Canary Wharf, while the Central line connects you to London Liverpool Street and the bustling West End.
Shared Ownership
The Shared Ownership scheme is a Part Buy, Part Rent way of owning your own home for a smaller upfront payment. With Shared Ownership, you buy a share of your home using a mortgage from a bank or building society and pay a subsidised rent on the share you did not purchase. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright. You can buy a minimum 50% share of your home (the maximum you can buy initially is 75%). When you’re ready, you can buy more shares until you staircase to owning 100% of your home.
T&Cs
*Please note images are for information purposes only and may not represent a true likeness for the units being sold. Some or all images have been digitally furnished to represent how the home could be laid out and the final colours/appearance may differ from the images.
*Services Charges will apply, speak to our Sales Agent for more information. Costs are subject to change.
Key Features
- 1 bedroom 5th floor apartment
- Flooring throughout
- Storage space
- Modern fitted kitchen
- Open plan living
- Communal outdoor space
- 3 piece bathroom with shower over bath
- There will be an added service charge
- NHBC Warranty
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor Plan Energy CertificateMap
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 £345,000, £4,313 Min Deposit. Calculated using a representative rate of 5.03%
