1 bedroom apartment for sale
2 Castle Street, E6 1PP
Share percentage 25%, full price £345,000, £8,625 Min Deposit.
Share percentage 25%, full price £345,000, £8,625 Min Deposit.
Monthly Cost: £1,151
Rent £593,
Service charge £123,
Mortgage £435*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Shared Ownership Scheme
You may be eligible for this property if:
- Your income is £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can't afford to buy one now, or you are an existing owner looking to sell.
- You are able to purchase a minimum share of 25% up to a maximum share of 75% (options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or abroad. (You will need to sell any existing property owned before buying through the shared ownership scheme.)
Summary
Welcome to Picture House! This brand new development situated in Newham, offers a limited one, two & three Bedroom Properties Under the Shared Ownership Scheme.
Description
Picture House is an exciting new development, located in Newham. Crafted to suit a variety of lifestyles, these stunning homes bring a serene living space for first time home buyers.
Coming soon - Winter 2024
Subject to change
Internal Features:
Each apartment is finished to a high specifications, with integrated appliances and fitted wardrobes. With modern wooden floor finishes throughout the hallway, kitchen and living room while having top quality carpets throughout the bedrooms.
Location:
Picture House is conveniently located close to Upton Park station. The nearest green space is Central Park which is situated 0.7 miles south-west of the Development.
Pricing:
- 1 Bedroom Apartments from £345,000*
- 25% share price from £86,250*
*Subject to change
Please note images for illustration purposes only
Key Features
- Brand New Development
- Great Location
- Terrace
- Communal Garden
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: New build - Council tax band to be determined
Property Downloads
Key Information Document BrochureMap
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, £8,625 Min Deposit. Calculated using a representative rate of 4.59%
