1 bedroom apartment for sale
Tucana Court, Cygnet Street, E1 6GW
Share percentage 40%, full price £550,000, £22,000 Min Deposit.
Share percentage 40%, full price £550,000, £22,000 Min Deposit.
Monthly Cost: £2,304
Rent £963,
Service charge £225,
Mortgage £1,116*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £77,549. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £22,000.Total approximate savings required £26,000
Important borough specific eligibility criteria
Tower Hamlets
All London Applicants will be considered with priority given to people who live/work in Tower Hamlets
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 and are deemed to be in need of housing by your local council.
Summary
Ground Floor One bedroom flat in Tower Hamlets available through Shared Ownership 40% share at £ 220,000 . Full market price £ 550,000
Description
Accommodation:
Hallway:
Bedroom 1:
Bathroom:
Lounge/Kitchen:
Balcony:
GIA
56 sqm
Lease Length
114 Years
EPC
C
No Parking
Key Features
Good local amenities with schools, pubs, cafes, convenience stores, etc. Transport links are good with Shoreditch High Street Train station 0.2 miles walking distance from the subject.
Balcony
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
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 £550,000, £22,000 Min Deposit. Calculated using a representative rate of 4.64%
