2 bedroom apartment for sale

Available

Fortius House, E10 5GX

£252,000 · Shared Ownership Resale

Share percentage 60%, full price £420,000, £25,200 Min Deposit.

Available
2 bedrooms
2 Bathrooms
£252,000 Shared Ownership Resale

Share percentage 60%, full price £420,000, £25,200 Min Deposit.

Monthly Cost: £1,900
Rent £377, Service charge £244, Mortgage £1,279*

Calculated using a representative rate of 4.64%

Calculate estimated monthly costs

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Summary

Purpose built two bed apartment - would suit sharers or homeworking

Description

SHARED OWNERSHIP

Full market value -£420,000

You pay (60%) -£252,000

Monthly rent -£376.27

Monthly service charge -£243.78

Annual ground rent - £100

Council Tax Band: C

125 year lease commencedApril 2014 - 115years remaining

EWS1 Certification Available - B1 Rating

Enter this apartment via a hallway with two storage cupboards. Two double bedrooms are to your left, each with doors to the balcony which runs the full width of the apartment. The master bedroom benefits from an ensuite shower room and fitted wardrobe. The open plan reception area, with the kitchen at one end, is lit by windows on three sides including the doors to the balcony. A contemporary family bathroom completes the accommodation.

The apartment is located close to the Bakers Arms area of Leyton which provides plenty of amenities. Leyton Midland Overground Station is close by and Leyton (Central Line) and Walthamstow (Victoria Line) Underground Stations are a 5-10 minute bus or bike ride away.

Westfield is just a stone's throw away as is the Olympic Park and Hackney Wick for things to do. With a very quick commute into the city at just 25 minutes by bike or tube. Nearby there is the popular Francis Road with its independent shops, restaurants, cafes and good vibes plus Perky Blenders for premium coffee roasters and a space to chat and meet friends. There's the William the Fourth and Prince of Wales - traditional pubs serving great food - which make the perfect locals.

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 £55,283. 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 July 2024.

Key Features
  • Walking distance to station and local amenities
  • Bike storage
  • Extra-large balcony
  • Integrated appliances
Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads
Key Information Document Brochure Energy Certificate
Map
Leyton Midland Road (0.28 miles) Walthamstow Central (0.79 miles) Walthamstow Queens Road (0.81 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£252,000
Shared Ownership Resale
Estimated Monthly Cost:£1,900
Rent £377
Service Charge £244
Mortgage £1,279

Share percentage 60%, full price £420,000, £25,200 Min Deposit. Calculated using a representative rate of 4.64%


Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.