1 bedroom apartment for sale
Santiago Court, E1 4GD
Share percentage 35%, full price £360,000, £12,600 Min Deposit.
Share percentage 35%, full price £360,000, £12,600 Min Deposit.
Monthly Cost: £1,382
Rent £513,
Service charge £230,
Mortgage £639*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Good EPC Rating, Private Balcony, Communal Garden Our Summer Offer: A £1,000 Amazon voucher on completion
Description
SHARED OWNERSHIP
Full Market Value: £360,000
You pay (35%): £126,000
Monthly Rent:£512.80
Service Charge: £229.79
Annual Ground Rent: N/A
Council Tax Band: C
99year lease commenced in January 2013 - 87 years remaining
EWS1 -B2 Certification
For a limited time, enjoy a £1,000 Amazon voucher to help with your move on this 1 bedroom apartment*
L&Q welcomes you to view this one bedroom, second floor apartment.
Thisbright andspaciousone bedroom second floor apartment consistsof astylishopen-plan kitchen and living area, flooded with natural light from wide floor-length windows and door leading to private balcony. The kitchen is fitted with grey base units and cream wall units, with under-cupboard lighting, and a white worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Spacious main double bedroom benefitting from built-in storage cupboards. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround and heated towel rail. Additional double storage cupboard in hallway.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
An abundance of open green space nearby includes Mile End Park, extending to Victoria Park, the Regents Canal and River Thames path. There is also a variety of local schools, as well as a vast array of local restaurants, bars, galleries and markets and yet still just a short commute into the city.
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 £51,849. 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 websitelqhomes.com and 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
- Private balcony
- Communal heating system
- More than ample storage
- Bedroom with fitted wardrobe
- Open plan living/dining/kitchen
- Good EPC Rating - B
Particulars
Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 35%, full price £360,000, £12,600 Min Deposit. Calculated using a representative rate of 4.64%