1 bedroom apartment for sale
Velocity building, 1 Ward Road, Stratford, E15 2LB
Share percentage 40%, full price £320,000, £12,800 Min Deposit.
Share percentage 40%, full price £320,000, £12,800 Min Deposit.
Monthly Cost: £1,182
Rent £385,
Service charge £147,
Mortgage £650*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
* Household income must not exceed £80,000 (outside of London) or £90,000 (in London)
* Must pass the One Housing financial assessment (done after receiving the application, which can only be submitted after viewing the property)
* No cash buyers
* No pets
* Applicants must be able to afford their purchase and sustain their housing costs
* Applicants are primarily expected to be first-time buyers, though some applicants who own or have previously owned a home may be eligible, including existing shared owners
* Applicants must be unable to purchase a property suitable to meet their needs on the open market
* Priority will be given to Armed Forces personnel (serving military personnel and former members of the British Armed Forces discharged in the last 2 years) and then on a first come first serve basis
Please be advised that if all applicants meet the criteria above the property will be offered on a first come first serve basis, this means that the first eligible applicant who submits an application will be nominated as the buyer.
Summary
A recently decorated spacious 1 bedroom apartment
Description
A recently decorated spacious 1 bedroom apartment, situated on the 3rd floor of a secure and modern development, in central Stratford. Featuring an open-plan contemporary living room & kitchen and an especially large double bedroom, with a built-in wardrobe. The flat is south-east facing benefitting from a private balcony and large windows, bringing in plenty of natural light.
Key Features
• Leasehold (111 years remaining)
• Affordable rent and service charges, see below
• Set on the 3rd floor with lift access. Access to2 communal roof terraces with great views of London and a secure bike storage underground.
• Newly renovated bathroom and recently replaced boiler (2021)-Ecolino II Smart HIU. Modern kitchen with integrated appliances, including dishwasher.
• 7 minute walk to Stratford station, with access to the Elizabeth, Central, Jubilee lines, DLR and national rail services. 5 minutes to Stratford High Street DLR station and bus stops directly outside of building.
• A short walk from Westfield Stratford Shopping Centre, Olympic Park including new development of Stratford Waterfront and the opening of V&A East, BBC Music Studios and Sadler's Wells East. There are also numerous University campuses for UAL's London College of Fashion, UCL and UEL. Plenty of local supermarkets, gyms, recreational activities and amenities. GP practice downstairs.
Particulars
Tenure: Leasehold
Lease Length: 111 years
Council Tax Band: C
Property Downloads
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 40%, full price £320,000, £12,800 Min Deposit. Calculated using a representative rate of 4.64%
