1 bedroom apartment for sale
Royal Mint Street, Wapping, E1 8LG
Share percentage 60%, full price £750,000, £22,500 Min Deposit.
Share percentage 60%, full price £750,000, £22,500 Min Deposit
Monthly Cost: £2,623
Service charge £116,
Mortgage £2,507*
Calculated using a representative rate of 5.03%
Calculate estimated monthly costs
Summary
A 1 bed shared ownership property available in Wapping, Greater London
Description
This spacious ground floor apartment in Wapping is available for sale through the Shared Ownership Scheme. The property comprises modern open plan kitchen/living room, one double bedroom and bathroom. The flat has the benefit of a spacious garden directly accessible from the living room.
- Minimum income requirement - £128,738
- Income requirement reduces if a higher deposit's available
- Buy more shares for a minimum of 10%
Available for £450,000 for 60% share based on the marketing figure of £750,000.
Monthly rent - £0.00
Monthly Service Charge - £116.18
Total Monthly Charge - £116.18 plus mortgage required for 60% share.
An annual rent increase takes place every April
LocationThe property is situated within a mixed commercial and established residential district on the border of the City of London, close to all comprehensive shopping and transport facilities, and a short walking distance away from the fashionable St. Katherine’s Dock and Tower Hill districts. All comprehensive transport and shopping facilities are available nearby.
EPC ratingEnergy Rating Band - C
Environmental Impact Band - B
The gross internal floor area of the flat is 490 sq. feet. (approximately 45.50 square metres.).
Ground Floor
Communal Entrance
Ground Floor
Entrance Hall, Open plan Living Room/ Kitchen, Bedroom, Bathroom
Years remaining on lease: 94
In certain cases, the remaining length of the lease on a property can impact the availability of mortgages to prospective purchasers and the future saleability of the home. We recommend that you speak to your solicitor and your financial advisor to ensure that the lease length is suitable for your needs.
Other informationAll room dimensions approximate.
Please note figures given for SO Resi monthly payment and service charge are correct at time of marketing. There is an annual increase that takes place. Please contact us for more information.
Key Features
Particulars
Tenure: Not specified
Council Tax Band: Not specified
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: n/a
Outside Space/Garden: n/a
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 60%, full price £750,000, £22,500 Min Deposit. Calculated using a representative rate of 5.03%
