3 bedroom apartment for sale
Buttermere House, Mile End Road, E3 4PR
Share percentage 25%, full price £520,000, £13,000 Min Deposit.
Share percentage 25%, full price £520,000, £13,000 Min Deposit.
Monthly Cost: £1,355
Rent £585,
Service charge £100,
Mortgage £670*
Calculated using a representative rate of 4.80%
Calculate estimated monthly costs
Shared Ownership Scheme
You may be eligible for this property if:
- Your income is £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can't afford to buy one now, or you are an existing owner looking to sell.
- You are able to purchase a minimum share of 25% up to a maximum share of 75% (options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or abroad. (You will need to sell any existing property owned before buying through the shared ownership scheme.)
Summary
Welcome to a new development in Mile End, featuring 2 Bedroom Properties—a perfect blend of modern living and historical charm.
Description
New Development:
Coming in Autumn 2024, this new development will bring contemporary living to the heart of Mile End. Designed with modern lifestyles in mind, this development promises to offer stylish and comfortable homes with all the conveniences of city living. Plus, with a monthly rental percentage on the unowned share of only 1.8%, this development offers exceptional value in the London housing market.
Local Transport:
With Mile End Tube Station just minutes away, residents benefit from swift connections to key London destinations. Whether you're commuting to Canary Wharf or enjoying a day out in the West End, excellent transport links make travel effortless.
Local Amenities:
The Mile End location offers unparalleled access to a range of amenities. Enjoy leisurely strolls in Mile End Park, explore the exhibits at the Museum of London Docklands, or stay active at Mile End Leisure Centre. Excellent schools and a variety of dining and shopping options, including the famous Roman Road Market, make this the ideal place to call home.
Key Features
- Balcony
- Close to local transport
- Close to local amenities
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: C
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 £520,000, £13,000 Min Deposit. Calculated using a representative rate of 4.80%
