2 bedroom apartment for sale
C2.01.01, Cavell Street, E1 2JA
Share percentage 25%, full price £540,000, £6,750 Min Deposit.
Share percentage 25%, full price £540,000, £6,750 Min Deposit.
Monthly Cost: £1,672
Rent £540,
Service charge £360,
Mortgage £772*
Calculated using a representative rate of 5.29%
Calculate estimated monthly costs
Summary
2 bedroom apartment with integrated appliances, private balcony & great amenities. Short walk to Whitechapel station for quick commute to central London with the access to the Elizabeth Line!
Description
Chiffon Apartments - Plot C2.01.01
2 bedroom 1st floor apartment offering 62.50 sq.m of internal floor area with outdoor space. Contact a member of our sales team now to view our new show home.
Full Market Value: £540,000
Shared Value (25%): £135,000
Minimum deposit: £6,750
Required income: £57,303
Rent PCM: £540
Service Charge PCM: £359.88
Council tax band: TBC
What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it
possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. Over time, you can increase the share you own until you eventually own 100%.
L&Q at The Silk District:
A contemporary home, a city lifestyle. Discover a new side of London with L&Q at The Silk District. An exciting new address in the heart of Whitechapel. Every apartment offers a modern interior that maximises light, space and comfort, while retaining all-important practicality. Each has been finished to the highest standard, with fully integrated appliances and a contemporary specification. Apartments also come with their own private outdoor space.
Contact a member of our sales team today to find out more or book a viewing!
*Terms and conditions apply.
Key Features
- Private balcony
- Modern finish
- Elizabeth Line access moments away
- Residents' cinema
- Private gym with high spec Technogym equipment
- Peloton spin studio
- 24-hour concierge with communal areas for socialising
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor PlanMap
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 £540,000, £6,750 Min Deposit. Calculated using a representative rate of 5.29%
