£300,000

Forest Road E17, offering one-bedroom homes discounted by 20% to the local market. Each home is designed to maximise space and light by having big, floor to ceiling windows. There is plenty of storage space and a fully-fitted kitchen with worktops, an undermounted sink and integrated appliances: ceramic hob, oven and fridge freezer. The best part is, you own 100% from day one!

Discounted starting prices from £300,000.

Forest Road E17 is now 85% sold.

At Pocket Living we build homes for people we call city makers. These are the Londoners who contribute economically, socially and culturally to the day-to-day life of the capital. We're particularly keen to help local first time buyers on modest incomes. Pocket homes are discounted by 20% to the local market, allowing Pocket owners to own 100% of their home at a discounted price.

This home is one of our largest in the building - located on the1st floor with access to a ground floor communal courtyard garden and two communal roof terraces - these spaces have been designed with seating areas to relax and socialise, raised planters and communal growing beds for residents to grow their own produce. Pocket developments always build strong communities, and with these additional spaces to hang out with your neighbours and friends, Forest Road E17 is a pretty special place to buy your first home.

*Stamp duty paid for buyers that qualify as a first time buyer in the UK.

• Council Tax: The Council Tax for these homes is Band C, which is £2,025 per annum, or £169 per month.
• EPC rating: B

Pocket homes at Forest Road are sold at a 20% discount to people who meet the following eligibility criteria: buyers must live or work in the UK, have an annual income of no more than £90,000 and must not own a residential property. When the time comes to resell, you will initially have to try to find a buyer who meets the eligibility criteria and subletting is only permitted in extenuating circumstances; see brochure for further details. The reservation fee to secure a home is £500 which is fully refundable if the reservation is cancelled within 14 days of finalisation. The home is ready to move into now and the period from reservation to completion usually takes two – three months. Buyers should budget approximately £4,000 - £5,000 for the costs associated with buying a home. This home is being sold by Pocket Living Forest Road Limited, Tower House, 10 Southampton St, WC2E 7HA. Images are of a typical Pocket home.

The method of construction is a traditional reinforced concrete frame structure with a blockwork and facing brick facade. The warranty provider is Premier Guarantee and this provides a two-year defect liability period on the individual home, and 10 years on the structure of the building (until February 2035). Forest Road is a car-free development (apart from with respect to two shared spaces for Blue Badge holders available on a first come first serve basis), and homeowners will not be granted a residents' permit. There are solar panels located on the roof which contribute to the communal electricity supply. A Heat Interface Unit (HIU) connected to centralised boilers and air source heat pumps delivers heating and hot water; each resident will be billed according to their own controlled usage and cannot change gas suppliers. For electricity, residents can change to a different supplier of their choosing, subject to availability. Wiring for Sky+/Sky Q, BT telephone and BT Openreach Fibre is available, and residents will receive Hyperoptic Wi-Fi installed with a 3-month free service. Buyers can change to a different supplier of their own choosing, subject to availability. Mobile coverage varies by provider, for an indication of specific speeds and supply or coverage in the area, refer to the Ofcom's mobile and broadband checker. These homes will come with a 999-year lease (less 3 days, from 2024) and a Residents’ Management Company (RMC) will be formed once all homes are sold. It is the intention that the freehold will be transferred to the RMC upon the sale of the last home. The building is managed by a managing agent, and the service charge covers the cost of running the building.