3 bedroom apartment for sale
Charles Newell Court, 17 Violet Road, London, E3 3XH
Share percentage 25%, full price £520,000, £13,000 Min Deposit.
Share percentage 25%, full price £520,000, £13,000 Min Deposit.
Monthly Cost: £2,269
Rent £1,381,
Service charge £232,
Mortgage £656*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Three Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
A rare chance to buy a three-bedroom, shared-ownership apartment. The smartly-presented property is on the second floor of a modern development just to the north of Limehouse Cut. Internal features include a semi-open-plan kitchen with sleek units and integrated appliances. A glazed door leads from the living area out onto an east-facing balcony which overlooks the attractive communal garden. There is a main bedroom with fitted wardrobe and en-suite shower room plus a generously-sized second bedroom, a third bedroom/home office and a stylish bathroom. A large storage/utility cupboard has been provided in the entrance hallway and well insulated walls, high performance glazing and a communal heating/hot water system make for a very good energy-efficiency rating. The development has a concierge and is just minutes from Devons Road DLR, convenient for access to Canary Wharf or Westfield Stratford. Bromley-by-Bow Station (District/Hammersmith & City Lines) is within easy walking distance, as are a range of shops, pubs and coffee shops. There are also a number of well-thought-of schools in the local area.
SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £520,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/2k6hrdjm]
(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: Peabody.
Tenure: Leasehold (125 years from 25/12/2016).
Minimum Share: 25% (£130,000).
Shared Ownership Rent: £1380.80 per month (subject to annual review).
Service Charge: £232.25 per month (subject to annual review).
Ground Rent: £450.00 for the year.
Guideline Minimum Income: Dual - £TBC (based on minimum share and 10% deposit) | Single - £TBC (minimum share, ??% deposit).
Council Tax: Band E, London Borough of Tower Hamlets. 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). There is no parking space offered with this property.
Key Features
- Guide Dual Income £81.9k 10% deposit £13k
- Guide Single Income £90k 25% deposit £32.5k
- Second Floor (building has a lift)
- Approx. 926 Sqft Gross Internal Area
- Bathroom plus En-Suite Shower Room
- Balcony Overlooking Communal Garden
- Minutes from Devons Road DLR
- Short Walk from Bromley-by-Bow Station
Particulars
Tenure: Leasehold
Lease Length: 117 years
Council Tax Band: E
Property Downloads
Floor Plan BrochureMap
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 £520,000, £13,000 Min Deposit. Calculated using a representative rate of 4.59%