2 bedroom apartment for sale
A00.02, South Grove, E17 7NX
Share percentage 25%, full price £560,000, £7,000 Min Deposit.
Share percentage 25%, full price £560,000, £7,000 Min Deposit.
Monthly Cost: £1,835
Rent £735,
Service charge £302,
Mortgage £798*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
Large 2 bedroom duplex apartment split over 2 floors with balcony and garden at entrance. Plus benefit from a landscaped communal garden, concierge, onsite bicycle storage and prime zone 3 location.
Description
Reserve a new L&Q home between the 1st - 31st July to receive up to £1,500 towards your buying costs on selected 1 & 2 bedroom homes.*
Tourers House - Plot A00.02
2 bedroom ground floor duplex apartment offering 106.7 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: £560,000
Shared Value (25%): £140,000
Minimum deposit: £7,000
Required income: £80,772
Rent PCM: £735
Service Charge PCM: £302
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%.
The Chain
The Chain is located in South Grove, Walthamstow; offering 1 & 2 bedroom apartments, ready to move into available through Shared Ownership. It is ideally situated close to three train stations providing excellent transport links. Take just a 10-minute walk to Walthamstow Central where you can access the Victoria Line. Alternatively, there are over ground stations, St James Street and Walthamstow Queens Road close by.
A thriving city with healthy living
As part of our green credentials, The Chain is virtually car-free. All residents will benefit from a 3-year complimentary membership to the official car club, Zipcar. With access to safe and secure bike storage, residents are encouraged to live a healthier, more sustainable lifestyle and cycle more.
Health and wellbeing is undeniably important, and having access to open spaces is a perfect antidote to a hectic working week and a positive way to combat stress. The Chain is within minutes of an array of open, green areas, all contributing to your healthy lifestyle.
Experience a slice of tranquillity whilst enjoying the natural haven of nearby Walthamstow Wetlands. Alternatively, enjoy a range of outstanding food choices and creative hubs right on your doorstep.
Contact a member of our sales team today to find out more or book a viewing!
*Incentive terms and conditions apply. Offer is available on selected Shared Ownership properties only. For full terms and conditions visit lqhomes.com/terms-and-conditions. July 2024.
Key Features
- Spacious living/kitchen/dining space
- Modern kitchen with fully integrated appliances
- Ample storage space
- En-suite with bathtub to Bedroom 1
- Balcony and garden at the front
- Overground stations St James and Walthamstow Queens Road close by
- 10-minute walk to Walthamstow Central and the Victoria Line
- 3-year complimentary membership to our official car club, Zipcar
Particulars
Tenure: Leasehold
Lease Length: 250 years
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Floor Plan BrochureVirtual 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 25%, full price £560,000, £7,000 Min Deposit. Calculated using a representative rate of 5.26%
