1 bedroom apartment for sale
Katie Court, 7 Edwin Street, London, E16 1XS
Share percentage 30%, full price £300,000, £9,000 Min Deposit.
Share percentage 30%, full price £300,000, £9,000 Min Deposit.
Monthly Cost: £1,240
Rent £682,
Service charge £104,
Mortgage £454*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a One Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This smartly-presented apartment is on the third floor of this modern development and has a twenty-foot reception with attractive, open-plan kitchen featuring integrated appliances. Double doors lead from the living area out onto a west-facing balcony. There is a spacious bedroom with additional Juliette balcony, a pristine bathroom and some useful storage space in the entrance hallway. Well insulated walls, high performance glazing and a communal heating/hot water system have resulted in a very good energy-efficiency rating. Katie Court has a cycle storage area plus Canning Town Station (Jubilee Line + DLR) and Custom House (Elizabeth Line + DLR) are both within easy walking distance.
SHARED OWNERSHIP (Advertised price represents 30% share. Full market value £300,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/2cy3kk8y]
(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 01/03/2018).
Minimum Share: 30% (£90,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £681.92 per month (subject to annual review).
Service Charge: £104.21 per month (subject to annual review).
Ground Rent: £250.00 for the year.
Guideline Minimum Income: Dual - £39,700 | Single - £45,900 (based on minimum share and 10% deposit).
Council Tax: Band B, London Borough of Newham. 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
- Guideline Minimum Deposit £9,000
- Guide Min Income Dual £39.7k | Single £45.9k
- Third Floor (building has a lift)
- Approx. 479 Sqft Gross Internal Area
- Open Plan Kitchen/Reception Room
- Very Good Energy-Efficiency Rating
- Balcony plus Additional Juliette
- Short Walk to Canning Town/Custom House
Particulars
Tenure: Leasehold
Lease Length: 119 years
Council Tax Band: B
Property Downloads
Key Information Document Floor Plan BrochureMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
Outside Space/Garden: Yes - Private Balcony
Year property was built: Enquire with provider
Unit size: Enquire with provider
Communal lift: Yes
Accessible measures: No
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 30%, full price £300,000, £9,000 Min Deposit. Calculated using a representative rate of 4.59%
