1 bedroom apartment for sale
Ducere House, 14 Viaduct Street, E2 0BZ
Share percentage 40%, full price £385,000, £7,700 Min Deposit.
Share percentage 40%, full price £385,000, £7,700 Min Deposit.
Monthly Cost: £1,459
Rent £505,
Service charge £96,
Mortgage £858*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Shared Ownership Scheme
You may be eligible for this property if:
- The household income must be £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can’t afford to buy one now, or are an existing owner looking to move.
- Must be able to purchase a minimum share of 25% up to 75%
(options to staircase to 100% ownership can be explored one year after completion) - You do not own any other property within the UK or over seas.
- You will need to sell any existing property owned before buying through the shared ownership scheme.
Summary
Stunning One-Bedroom Resale Apartment in a Purpose-Built Residential Development Under The Shared Ownership Scheme
Description
This charming first-floor, one-bedroom apartment in Tower Hamlets, features an open-plan living area, storage and private balcony, provides a great foundation to create a personalized, cosy home.
In need of a fresh coat of paint, it offers a wonderful opportunity to add your personal style and make it truly yours.
With a minimum £7,600 deposit required and a service charge of £96 per month, this purchase is ideal for first-time buyers
Location:
Located in a vibrant urban area with excellent local amenities, including schools, pubs, cafes, and convenience stores. Conveniently connected, with Bethnal Green Train Station just a 0.3-mile walk away.
Borough:Tower Hamlets
Accommodation:
Hallway: 1.2m x 4.3m
Bedroom 1: 2.6m x 4.5m
Bathroom: 2.1m x 2m + 1.6m x 0.9m
Lounge/Kitchen: 5.8m x 3.7m
Balcony: (Unmeasured)
Key Features
- Close to local transport & amenities
- Gated Development
- Close to Bethnal Green Station
- In walking distance from Weavers Fields’ Park
Particulars
Tenure: Leasehold
Lease Length: 87 years
Council Tax Band: C
Property Downloads
Key Information Document Energy CertificateMap
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 40%, full price £385,000, £7,700 Min Deposit. Calculated using a representative rate of 5.03%
