1 bedroom apartment for sale
458 Forest Road, E17 4PZ
Share percentage 100%, full price £306,000, £30,600 Min Deposit.
Share percentage 100%, full price £306,000, £30,600 Min Deposit.
Monthly Cost: £1,400
Service charge £171,
Mortgage £1,229*
Calculated using a representative rate of 2.45%
Calculate estimated monthly costs
To be eligible to purchase a Pocket home at this scheme, buyers will need to:
- Have a household income of no more than £90,000 per annum
- Not currently own any property
Summary
South facing, one bedroom home located in the heart of Walthamstow. Enjoy your own private space as well as communal areas within the development!
Description
Own 100% of your home for 20% less! Located opposite the William Morris Gallery and just 0.6 miles from Walthamstow Central Stationwhere the Victoria Line whisks you into central in no time. Hoe Street with its independent cafés, restaurants and galleries is right on your doorstep too. Less than a mile away, you will find Walthamstow Village with the famous Eat17 and The Ancient House.
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 has 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.
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Forest Road E17 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 parking permit. These homes will come with a 999-year lease (less 3 days) and a Residents’ Management Company (RMC) will be formed by the Managing Agent, of which all homeowners will become members; some homeowners may choose to become Directors of the RMC. Forest Road. A combination of air source heat pumps and boilers to deliver heating and hot water – each resident will be billed according to their own controlled usage and cannot change gas suppliers. Wiring for Sky+/Sky Q, BT telephone and BT Openreach Fibre and residents will receive a Hyperoptic Wi-Fi installed with a 3-month free service. When the time comes to resell a Pocket home, you will initially have to try to find a buyer who meets the eligibility criteria. Subletting is only permitted in extenuating circumstances.
Key Features
- 0.6 miles from Walthamstow Central Station.
- Two roof terraces with views of The William Morris Gallery.
- Communal courtyard garden with a ping pong table.
- Energy-efficient with space saving features.
- Secure cycle storage.
- Pets are welcome.
- Join a community of like minded people.
- Plenty of storage space.
- Contemporary tiled bathroom.
Particulars
Tenure: Leasehold
Lease Length: 999 years
Council Tax Band: C
Property Downloads
Floor Plan BrochureMap
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 100%, full price £306,000, £30,600 Min Deposit. Calculated using a representative rate of 2.45%