3 bedroom apartment for sale
Lamington Heights, E14 6TR
Share percentage 30%, full price £590,000, £17,700 Min Deposit.
Share percentage 30%, full price £590,000, £17,700 Min Deposit.
Monthly Cost: £1,923
Rent £679,
Service charge £346,
Mortgage £898*
Calculated using a representative rate of 4.64%
Calculate estimated monthly costs
Summary
Private Patio Area, Long Lease Term, Good EPC Rating
Description
Shared Ownership
Full Market Value: £590,000
Share Value (30%): £177,000
Monthly Rent: £679.08
Service Charge: £346.48
Council Tax Band: E
125 year lease commenced July 2018 - 118 years remaining
EWS1 is available for this property.
L&Q welcomes you to view this three bedroom, first floor apartment.
Thisbright andspaciousthree bedroom apartment consistsof astylishopen-plan kitchen and living area, flooded with natural light from wide floor-length windows and multiple doors leading to private balcony area. The kitchen is fitted with stone wall and base units, with under-cupboard lighting, and a white stone effect worktop. The kitchen also benefits from integrated appliances including a fridge freezer, oven, hob, extractor fan and dishwasher. Spacious main double bedroom benefitting from en-suitewith shower. Bright and airy second and third double bedroom with floor-length windows. The bathroom comes complete with a white three-piece suite with a shower over bath and a tile surround. Additional double storage cupboards in hallway.
This apartment is situated within the highly sought-after area of Tower Hamlets with access to local shops and bars along with access tolocal parks. Langdon Park DLR stations nearby and access to Limehouse & West Ham National Rail stations within a short distance.
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 £71,553. If you are offered the home, 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 July 2024.
Key Features
- Private Patio Area
- Electric heating (not tested)
- Double glazed windows
- Close to Train Stations and access to DLR tube station
- En-Suite to main bedroom
- Storage cupboards in hallway
Particulars
Tenure: Leasehold
Lease Length: 118 years
Council Tax Band: E
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 30%, full price £590,000, £17,700 Min Deposit. Calculated using a representative rate of 4.64%
