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1 bedroom apartment for sale

Available

Artisan Apartments, 16 Montford Place, E15 2ZF

£108,000 · Shared Ownership Resale

Share percentage 30%, full price £360,000, £10,800 Min Deposit.

Available

1 bedroom

Floor plan

£108,000 Shared Ownership Resale · Eligibility Eligibility

Share percentage 30%, full price £360,000, £10,800 Min Deposit.

Monthly Cost: £1,458
Rent £734, Service charge £179, Mortgage £545*

Calculated using a representative rate of 4.59%

Calculate estimated monthly costs

Deposit Min £10,800 £

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Eligibility

You may be eligible for this property if: You must be at least 18 years old. Your annual household income must be less than £90,000. You are unable to purchase a suitable home to meet your housing needs on the open market. You should generally be a first-time buyer. If you already own a property, you must be in the process of selling or have already sold it before you can apply. Please note that applicants will be expected to purchase the maximum share that is sustainable for them.

Summary

A fantastic open-plan 1-bedroom apartment with a private balcony available now in Newham.

Description

Property reference number: 1639560

An immaculate and larger than average 563 sq ft one bedroom, one bathroom apartment located on the third floor within Bellway’s Legacy Wharf Development and offers a communal garden, gym, bike storage and concierge service to residents.

In the apartment you will benefit from an open plan lounge/kitchen with integrated appliances, a large bedroom with floor-to-ceiling windows and plenty of built-in wardrobe space, a modern bathroom and a utility/storage room with a washer/dryer.

The apartment has wooden floors throughout, carpet to the bedroom and tiled flooring to the bathroom.

You can enjoy your morning coffee or evening drink from your private balcony. Locally, you have great outdoor spaces with both The Queen Elizabeth Olympic Park and Victoria Park nearby. Take a short stroll to the canal side bars at Hackney Wick or visit Westfield Stratford with its array of high street and designer shops, cinema and bars.

For those who commute you have a choice of stations with Pudding Mill Lane DLR, Bromley by Bow Station and Stratford Station for DLR, Underground, Overground and International connections.

Nearest stations: Pudding Mill Lane DLR (0.2 miles), Bromley-by-Bow Underground (0.5 miles), Bow Church DLR, (0.6 miles), Bow Road Underground (0.7 miles), Stratford (0.9miles)

Bus routes nearby: 25, D8, 108, 425, 276

Key features:

- Communal garden

- Communal terrace

- Communal playground

- Communal gym

- Private balcony

- Floor-to-ceiling windows with a city and park view

- Fitted wardrobe

What happens after I register my interest?
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.

If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email, please contact [email protected] and our team will be able to help you.

What is Resale Shared Ownership?
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.

Financial information
Tenure: Leasehold
Remaining lease term: 118 years
Annual ground rent amount: £0
Ground rent review period: Applicable on final staircasing
Annual service charge amount: £2,144.04
Service charge review period: Annually
Council tax band: C

*Financial information correct as of 04/11/2024

Particulars

Tenure: Leasehold
Lease Length: No lease length specified. Please contact provider.
Council Tax Band: C

Property Downloads

Floor Plan Energy Certificate

Map

Pudding Mill Lane (0.18 miles) Bow Church (0.42 miles) Bromley-by-Bow (0.48 miles)

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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.

£108,000

Shared Ownership Resale

Estimated Monthly Cost:£1,458

Rent £734

Service Charge £179

Mortgage £545

Share percentage 30%, full price £360,000, £10,800 Min Deposit. Calculated using a representative rate of 4.59%

Your Deposit Min £10,800 £

Peabody New Homes

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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.