2 bedroom apartment for sale
Foundry Mews, E17 4FT
Share percentage 25%, full price £450,000, £11,250 Min Deposit.
Share percentage 25%, full price £450,000, £11,250 Min Deposit.
Monthly Cost: £1,753
Rent £1,021,
Service charge £164,
Mortgage £568*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Purpose built apartment close to Wood Street Station
Description
SHARED OWNERSHIP
Full Market Value - £450,000
You Pay (25%) - £112,500
Monthly Rent - £1021.04
Monthly Service Charge - £164.93
Annual Ground Rent - £350
125 year lease commenced in April 2016 - 116 years remaining
Council Tax Band: C
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
L&Q welcomes you to view this two bedroom, second floor apartment.
Enter this bright and sunny apartment via semi-covered south facing private terrace. The hallway is lined with storage cupboards. There is a large dual aspect open-plan kitchen and living area, flooded with natural light from wide floor-length windows. The kitchen is fitted with dark grey wall and base units, and a white marble effect worktop. The kitchen also benefits from integrated appliances including an oven, hob, and extractor fan. Two double bedrooms, one with benefit of built in storage and a contemporary family bathroom completes the accommodation.
This apartment is not far from the vibrant Walthamstow village with peaceful greenery, historic architecture and award-winning bars and restaurants. Wood Street Station is on your doorstep where the overground trains will whisk you into Liverpool Street in under 20 minutes and is just one stop from Walthamstow Central station if you don't fancy the 20 minute walk through Walthamstow Village.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £65,291 If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note thatapplicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered aproperty in one ofour schemes. If you are not registered please visit our website www.lqhomes.comand register to obtain your unique reference number.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of December 2024.
Key Features
- Long lease
- Good EPC rating
- Well presented throughout
- Excellent transport links
Particulars
Tenure: Leasehold
Lease Length: 116 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateVirtual 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: n/a
Outside Space/Garden: Yes - Terrace
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 £450,000, £11,250 Min Deposit. Calculated using a representative rate of 4.59%
