2 bedroom apartment for sale

Available

A04.02 SO, South Grove, E17 7NX

£132,500 · Shared Ownership New Build

Share percentage 25%, full price £530,000, £6,625 Min Deposit.

Available
2 bedrooms
2 Bathrooms
Private Balcony/Terrace
Floor plan
floor-plan
Floor plan
floor-plan
£132,500 Shared Ownership New Build

Share percentage 25%, full price £530,000, £6,625 Min Deposit.

Monthly Cost: £1,748
Rent £696, Service charge £314, Mortgage £738*

Calculated using a representative rate of 5.03%

Calculate estimated monthly costs

£
Summary

2 bedroom, 4th floor apartment with private balcony and ample storage space. Development also benefits from landscaped communal garden, concierge, onsite bicycle storage and prime zone 3 location.

Description

Rent paid for up to 3-months when you reserve a new Shared Ownership home between 1 - 30 November on selected homes*

Tourers House - Plot A04.02

2 bedroom 4th floor apartment offering 77.9 sq.m of internal floor area with outdoor space. Contact a member of our sales team now to view our new show home.

Full Market Value: £530,000

Shared Value (25%): £132,500

Minimum deposit: £6,625

Required income: £72,870

Rent PCM: £696

Service Charge PCM: £314

Council tax band: TBC

What is Shared Ownership?
Under the Shared Ownership scheme you part-own and part-rent your home, making it possible for first-time buyers and families to get on the property ladder. The minimum share you can purchase is 25% and the maximum is 75%. You will usually pay a mortgage on the part you own and a subsidised rent on the part you don't own. Over time, you can increase the share you own until you eventually own 100%.

The Chain
The Chain is located in South Grove, Walthamstow; offering 1 & 2 bedroom apartments, ready to move into available through Shared Ownership. It is ideally situated close to three train stations providing excellent transport links. Take just a 10-minute walk to Walthamstow Central where you can access the Victoria Line. Alternatively, there are over ground stations, St James Street and Walthamstow Queens Road close by.

A thriving city with healthy living
As part of our green credentials, The Chain is virtually car-free. All residents will benefit from a 3-year complimentary membership to the official car club, Zipcar. With access to safe and secure bike storage, residents are encouraged to live a healthier, more sustainable lifestyle and cycle more.

Health and wellbeing is undeniably important, and having access to open spaces is a perfect antidote to a hectic working week and a positive way to combat stress. The Chain is within minutes of an array of open, green areas, all contributing to your healthy lifestyle.

Experience a slice of tranquillity whilst enjoying the natural haven of nearby Walthamstow Wetlands. Alternatively, enjoy a range of outstanding food choices and creative hubs right on your doorstep.

Contact a member of our sales team today to find out more or book a viewing!

*Shared Ownership terms and conditions apply. Please visit lqhomes.com/sharedownership for more information. Prices start from £66,250 for a 25% share at L&Q at Beam Park. Incentive terms and conditions apply. For full terms and conditions visit lqhomes.com/offers.

Key Features
  • Open plan living space
  • Modern kitchen with fully integrated appliances
  • Ample storage space
  • Private balcony and access to communal garden
  • Overground stations St James Street and Walthamstow Queens Road close by
  • 10-minute walk to Walthamstow Central and the Victoria Line
  • 3-year complimentary membership to our official car club, Zipcar
Particulars

Tenure: Leasehold
Lease Length: 250 years
Council Tax Band: New build - Council tax band to be determined

Property Downloads
Floor Plan
Virtual Tour
Map
St James Street (0.13 miles) Walthamstow Queens Road (0.26 miles) Walthamstow Central (0.45 miles)
Monthly Cost Calculator

The ‘estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together: rent, service charge and mortgage.

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  • 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.

£132,500
Shared Ownership New Build
Estimated Monthly Cost:£1,748
Rent £696
Service Charge £314
Mortgage £738

Share percentage 25%, full price £530,000, £6,625 Min Deposit. Calculated using a representative rate of 5.03%


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Disclaimer
The information displayed about this property comprises a property advertisement. Share to Buy ltd makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Share to Buy has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by the sponsoring housing association. Please contact the housing association or estate agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007.