2 bedroom apartment for sale
Coalstore Court, E1 4RS
Share percentage 30%, full price £430,000, £12,900 Min Deposit.
Share percentage 30%, full price £430,000, £12,900 Min Deposit.
Monthly Cost: £1,803
Rent £931,
Service charge £217,
Mortgage £655*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Excellent Transport Links - Pets Allowed - Energy Efficient
Description
Shared Ownership
Full Market Value: £430,000
Share Value (30%): £129,000
Monthly Rent: £931.30
Service Charge: £217.46
Council Tax Band: D
125 year lease commenced April 2007 - 107 years remaining
EWS1 - Guidance from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However,we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
L&Q welcomes you to view this two bedroom, third floor apartment.
Thisbright andspaciousapartment consistsof anopen-plan kitchen and living area, flooded with natural light from wide floor-length windows. The kitchen is fitted with beach wood effect wall and base units, and a granite effect worktop. The kitchen also benefits from integrated appliances including an oven, hob, and extractor fan, with space for a washing machine and fridge freezer. Spacious main double bedroom benefitting from built-in storage cupboards. Bright and airy second double bedroom. The bathroom comes complete with a white three-piece suite with a shower over bath and a white tile surround. Additional double storage cupboards in hallway.
The Grand Union Place development is adjacent to the Grand Union Canal, Mile End Park and within easy reach of Victoria Park, offering the opportunity to live in an area that has excellent access to a wide array of shops, bars and restaurants. It is fast becoming one of east London's most fashionable areas with the Tech City initiative, acres of green space in Mile End Park, the street markets of Columbia Road and Brick Lane and Limehouse's neighbours of Shoreditch and Hoxton. Here you're spoilt for choice when it comes to vibrant, buzzing bars, restaurants, independent boutique stores, cinema, entertainment and the arts. Candle Street is almost equidistant to Mile End (Central, District and Hammersmith & City) Stepney Green (District and Hammersmith & City) and Limehouse stations (Overground and DLR) all within a 15-minute walk away. Limehouse station gives direct routes to Bank and Fenchurch Street in 5 minutes. Or change at Shadwell and be in Shoreditch in 13 minutes and travel direct to London City Airport in just 15 minutes. Tesco's, Sainsbury's and Asda are all nearby.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £67,045. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of May 2024.
Key Features
- Approx 0.7 miles away from Mile End Underground Station, and approx 0.7 miles to Stepney Green Underground Station
- Pets allowed
- Good EPC Rating - C
- Communal gardens
- Entry phone system (not tested)
- Additional storage cupboards to hallway
- Short walk away from green space at Stepney Green Park and Mile End Park
- Electric Heating
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual 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 30%, full price £430,000, £12,900 Min Deposit. Calculated using a representative rate of 4.64%
