2 bedroom apartment for sale
A02.03 SO, South Grove, E17 7NX
Share percentage 25%, full price £495,000, £6,188 Min Deposit.
Share percentage 25%, full price £495,000, £6,188 Min Deposit.
Monthly Cost: £1,568
Rent £588,
Service charge £291,
Mortgage £689*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
2 bedroom, 2nd floor apartment with private balcony and an open plan Kitchen/Living and Dining area.
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 A02.03
2 bedroom 2nd floor apartment offering 72.2 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: £495,000
Shared Value (25%): £123,750
Minimum deposit: £6,188
Required income: £63,596
Rent PCM: £588
Service Charge PCM: £291
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
- 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 BrochureVirtual Tour
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 £495,000, £6,188 Min Deposit. Calculated using a representative rate of 5.03%
