1 bedroom apartment for sale
458 Forest Road, E17 4PZ
Share percentage 100%, full price £320,000, £32,000 Min Deposit.
Share percentage 100%, full price £320,000, £32,000 Min Deposit
Monthly Cost: £1,463
Service charge £178,
Mortgage £1,285*
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
Own 100% of your home for 20% less in Walthamstow! Enjoy this light-filled, ground floor home with its own private terrace.
Description
Think you can't afford your first home? Maybe you can.
Forest Road E17 is now over 50% sold with discounted starting prices from £300,000.
Now that most of our residents at Forest Road E17haveembarkedon a new chapter of their lives,owning a home in the city they love, a real community has formed. Enjoy three outside communal spaces: a south facing ground floor courtyard with allotment beds anda ping pong table, plustwo thoughtfully designed roof terraces allowing residents toget to know one another.
Located just 0.1 miles from Walthamstow Central Station and opposite the William Morris Gallery, this one bedroom home is cleverly designed to maximise space and natural light with big, floor to ceiling windows. Flat 13 is modern with an open plan kitchen and reaps the benefit of having its own private terrace.
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.
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. The Walthamstow Wetlands are down the road for a good dose of nature and a tasty breakfast/lunch/afternoon tea from the highly-rated Engine House Café. Or just cross the road into Lloyd Park and enjoy the Morris-themed planting and landscaping.
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. In addition to a £500 reservation fee, 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. It is the intention that the long leasehold will be transferred to the RMC upon the sale of the last home.
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. Buyers can change to a different supplier of their choosing, subject to availability. 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. 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. 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
Material Information
Total rooms: 1
Furnished: Unfurnished
Washing Machine: No
Dishwasher: No
Fridge/Freezer: No
Parking: No
Outside Space/Garden: Yes - Terrace
Year property was built: 2023
Unit size: 39.6
Communal lift: Yes
Accessible measures: Yes - Level access
Flooded within the last 5 years: No
Listed property: Yes
Heating: Central
Sewerage: Mains supply
Water: Mains supply
Electricity: Mains supply
Broadband: FTTP (Fiber to the premises)
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 £320,000, £32,000 Min Deposit. Calculated using a representative rate of 2.45%