2 bedroom apartment for sale
Wheelers House, E1 0FD
Share percentage 25%, full price £510,000, £12,750 Min Deposit.
Share percentage 25%, full price £510,000, £12,750 Min Deposit.
Monthly Cost: £1,754
Rent £856,
Service charge £251,
Mortgage £647*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
You will need to be earning a guidance income of £60,000 You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £12,750 Total approximate savings required £16,750
Important borough specific eligibility criteria
Tower Hamlets
All London applicants will be considered with priority given to people who live/work in the borough of 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
Two Bedroom Third Floor Apartment in Limehouse
Description
Accommodation:
Hallway: 2.6m x 3.9m
Bedroom 1: 3.5m x 3.8m
Bedroom 2: 3.8m x 2.5m
Bathroom: 2.6m x 2.1m
Lounge/Kitchen: 6.4m x 5.2m
Balcony: 2.3m x 1.9m
Gross Internal Floor Area: Approx. 68 SQ M
Tenure: Leasehold – 125 years from 30th of July 2020.
Parking: None
EPC Rating: 86 B
Key Features
Good local amenities with schools, pubs, cafes, convenience stores, etc. Transport links are good with Limehouse Train station 0.2 miles walking distance from the subject.
Particulars
Tenure: Not specified
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 25%, full price £510,000, £12,750 Min Deposit. Calculated using a representative rate of 4.64%