1 bedroom apartment for sale
Maud Street, E16 1YR
Share percentage 40%, full price £330,000, £13,200 Min Deposit.
Share percentage 40%, full price £330,000, £13,200 Min Deposit.
Monthly Cost: £1,441
Rent £511,
Service charge £260,
Mortgage £670*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £47,095. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £13,250.Total approximate savings required £17,250.
Important borough specific eligibility criteria - Newham
All London applicants will be considered, with priority given to Newham applicants.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments. If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home.
Summary
One-bedroom fourth floor apartment in Newham available through Shared Ownership 40% at £132,500, full market price £330,000
Description
Internal
Ground Floor
Communal Entrance and Passenger Lift
Fourth Floor
Hallway
Bedroom 1
Bathroom with Washroom
Lounge/Kitchen
External
Private Balcony
Admin Fee For Shared Ownership Flat
£13.50
GIA
62sqm
EPC rating
B
Length of lease
114 years
Key Features
The property is a one bedroom fourth floor flat within a modern residential development in Canning Town, East London.
The property is within easy travelling distance of the local shopping, transport and recreational facilities within the area.
Transport
Canning Town (0.25 miles)
Royal Victoria (0.58 miles)
Custom House (0.77 miles)
Local Area
Easy access to various amenities; schools, gyms, shops, restaurants, bars and recreational facilities.
Particulars
Tenure: Leasehold
Lease Length: 114 years
Council Tax Band: Not specified
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 40%, full price £330,000, £13,200 Min Deposit. Calculated using a representative rate of 4.64%
