2 bedroom apartment for sale
Lacewing Close, E13 8AD
Share percentage 40%, full price £315,000, £12,600 Min Deposit.
Share percentage 40%, full price £315,000, £12,600 Min Deposit.
Monthly Cost: £1,350
Rent £539,
Service charge £172,
Mortgage £639*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Pet friendly purpose built apartment approximately half a mile from Plaistow underground station
Description
SHARED OWNERSHIP
Full Market Value - £315,000
You Pay (40%) - £126,000
Monthly Rent - £539.20
Service Charge - £172.01
Annual Ground Rent - N/A
990 year lease commenced in December 2002 - 968 years remaining
Council Tax Band: C
EWS1 Certification is not required for this property - Assessed and deemed compliant via Fire Risk Assessment
Situated on the first floor, the wide hallway in this property leads to a spacious dual aspect open-plan kitchen and living area, with lots of natural light and which opens onto a juliet balcony. The two double bedrooms each have built-in wardrobes. A bathroom, with a white three-piece suite with a shower over bath, completes the accommodation.
Located within walking distance to local shops, amenities and Plaistow station. The property is ideally located for those looking for good schools and transport link. situated moments Plaistow, Canning Town and Custom House stations the latter of which is served by the Elizabeth Line, as well as being within easy reach of the A13 & A12 offering routes into central London, A406 & M25. There are a number of local shops and amenities nearby including various conveniences on Barking Road.
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 £34,611. If you are offered the property, 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
- Long Lease
- Secure gated parking
- Juliet balcony
Particulars
Tenure: Leasehold
Lease Length: 968 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual 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 40%, full price £315,000, £12,600 Min Deposit. Calculated using a representative rate of 4.64%
