2 bedroom apartment for sale
The Chain - A00.04 SO, South Grove, E17 7NX
Share percentage 25%, full price £510,000, £6,375 Min Deposit.
Share percentage 25%, full price £510,000, £6,375 Min Deposit.
Monthly Cost: £1,642
Rent £606,
Service charge £326,
Mortgage £710*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
2 bedroom, ground floor apartment with a private garden and an open plan Kitchen/Living and Dining area. Development also benefits from landscaped communal garden, concierge, onsite bicycle storage
Description
Reserve a selected home between 2-31 January and receive up to £2,000 towards your buying costs plus £500 in vouchers to use after you've moved in*
Tourers House - Plot A00.04
2 bedroom ground floor apartment offering 76 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: £510,000
Shared Value (25%): £127,500
Minimum deposit: £6,375
Required income: £67,376
Rent PCM: £606
Service Charge PCM: £326
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!
L&Q terms and conditions apply. *Incentive terms and conditions apply. Offer is available on selected Shared Ownership properties only. Incentive amount is based on the property type and development. The buying cost will be paid by way of deduction from monies due at completion of the purchase. For full terms and conditions visit lqhomes.com/offers. Shared Ownership terms and conditions apply. Prices start from £123,750 for a 25% share of a 2 bedroom apartment at L&Q at The Chain. Full market value of £495,000. Please visit lqhomes.com/sharedownership for more information.
Key Features
- Open plan living space
- Modern kitchen with fully integrated appliances
- Private garden 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 PlanVirtual Tour
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: n/a - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Accessible measures: Enquire with provider
Heating: Enquire with provider
Sewerage: Enquire with provider
Water: Enquire with provider
Electricity: Enquire with provider
Broadband: Enquire with provider
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 £510,000, £6,375 Min Deposit. Calculated using a representative rate of 5.03%
