2 bedroom apartment for sale
Maltings Close, E3 3TB
Share percentage 40%, full price £390,000, £15,600 Min Deposit.
Share percentage 40%, full price £390,000, £15,600 Min Deposit.
Monthly Cost: £1,861
Rent £673,
Service charge £396,
Mortgage £792*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Private Balcony, Good EPC Rating, Long Lease Term
Description
Shared Ownership
Full Market Value: £390,000
Share Value (40%): £156,000
Monthly Rent: £672.86
Service Charge: £396.16
Council Tax Band: D
125 year lease commenced November 2005 - 106 years remaining
EWS1 available B2 Rating
L&Q welcomes you to view this two bedroom, ground floor apartment.
Thisbright andspacioustwo bedroom apartment consistsof astylishopen-plan kitchen and living area, flooded with natural light from wide floor-length windows and door leading to private balcony. The kitchen is fitted with light grey wall and base units, with marble effect worktop. The kitchen also benefits from integrated appliances including a oven, hob, extractor fan and dishwasher. Spacious main double bedroom benefitting from en-suitewith shower. Bright and airy second double bedroom. The bathroom comes complete with a white three-piece suite with a shower over bath and a tile surround. Additional double storage cupboards in hallway.
Location wise, this property is just a few minutes walk to Bromley-by-Bow underground station and local amenities. Olympic park and Westfield are both within walking distance alongside Hackney Wick which can be reached via the canal. There is amazing local businesses and events at Cody Dock and 3 Mills Studio which are also a few minutes' walk away.
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 £69,205. If you are offered the home, 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 June 2024.
Key Features
- Private Balcony
- Good EPC Rating
- Long Lease Term
- Two double bedrooms, master with en-suite
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: Not specified
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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 40%, full price £390,000, £15,600 Min Deposit. Calculated using a representative rate of 4.64%
