2 bedroom apartment for sale
Blackberry Court, Queen Mary Avenue, London, E18 2GF
Share percentage 30%, full price £400,000, £12,000 Min Deposit.
Share percentage 30%, full price £400,000, £12,000 Min Deposit.
Monthly Cost: £1,459
Rent £700,
Service charge £153,
Mortgage £606*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This two-bedroom apartment is on the second floor (building has a lift) and appears to have been very well looked after by the current owners. The property features a twenty-two-foot, dual-aspect reception room with open-plan kitchen area and access to a good-sized balcony. The bedrooms are both spacious doubles and there is an attractive bathroom. Well insulated walls and modern double glazing make for a good energy-efficiency rating. South Woodford Station (Central Line) is only a short walk away and there are a wide range of shops, including a Waitrose, M&S Foodhall and large Sainsbury's, along the route. The apartment comes with a space in the gated car park.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £400,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/3afwctjm]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: Clarion.
Tenure: Leasehold (125 years from 01/04/2008).
Minimum Share: 30% (£120,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £699.91 per month (subject to annual review).
Service Charge: £152.83 per month (subject to annual review).
Guideline Minimum Income: Dual - £49,300 | Single - £56,400 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Redbridge. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals).
Key Features
- Guideline Minimum Deposit £12,000
- Guide Min Income Dual £49.3k | Single £56.4k
- Second Floor (building has a lift )
- Approx. 689 Sqft Gross Internal Area
- Dual Aspect Kitchen/Reception Room
- Balcony
- Parking Space
- Short Walk from South Woodford Station
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: D
Property Downloads
Key Information Document 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 30%, full price £400,000, £12,000 Min Deposit. Calculated using a representative rate of 4.59%