2 bedroom apartment for sale
Commercial Road, Commercial Road, E1 1FE
Share percentage 55%, full price £720,000, £19,800 Min Deposit.
Share percentage 55%, full price £720,000, £19,800 Min Deposit.
Monthly Cost: £3,057
Rent £568,
Service charge £232,
Mortgage £2,257*
Calculated using a representative rate of 5.26%
Calculate estimated monthly costs
Summary
A 2 bed shared ownership property available in Aldgate, London
Description
Modern, bright & spacious two-bedroom apartment now available in Aldgate, London, through Shared Ownership.
The property comprises a wide living room with a private wintergarden, an open-plan fitted kitchen, and two large bedrooms. This could be ideal for a couple or a small family.
The flat is on the second floor of a newly built construction (circa 2016).
The building opens onto a newly developed landscaped area with benches, plants and coffee shops and retail outlets due to open shortly. Access to a large gym with cardio and weights equipment in the neighbouring building is included.
Available for £396,000 for 55% share based on the marketing figure of £720,000.
Monthly rent - £568.20
Monthly Service Charge - £232.36
Total Monthly Charge - £800.56 plus mortgage required for 55% share.
An annual rent increase takes place every April
LocationThe property is in an extremely central location, with excellent travel links on the underground and close to all amenities.
Aldgate East is just around the corner, with the Circle Line available, and with Liverpool Street being only a 15-minute walk away.
Brick Lane is also a stone's throw away, with plenty of shops and a great variety of restaurants.
EPC ratingEnergy rating band - B
Environmental impact band - B
Years remaining on lease: 116
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Key Features
- Two-bedroom apartment
- Access to gym
- Winter garden
- Great transport links
- Available for 55% share
- 5% minimum deposit only
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Property Downloads
Floor PlanMap
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 55%, full price £720,000, £19,800 Min Deposit. Calculated using a representative rate of 5.26%
