1 bedroom apartment for sale
Shillingshaw Lodge, 208 Butchers Road, Newham, London, E16 1PT
Share percentage 25%, full price £270,000, £6,750 Min Deposit.
Share percentage 25%, full price £270,000, £6,750 Min Deposit
Monthly Cost: £1,001
Rent £464,
Service charge £196,
Mortgage £341*
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
A modern, one-bedroom apartment on the top floor. The property has a twenty-three-foot open-plan kitchen/reception with double doors leading out onto a rear-facing balcony, the elevation providing a panoramic view of the surrounding area. There is a spacious bedroom with fitted wardrobe, useful additional, built-in storage in the hallway and an attractive bathroom. Well insulated walls and roof, modern double glazing and a communal heating/hot water system make for a good energy-efficiency rating. Royal Victoria DLR is the nearest station and only a few minutes walk away. Additionally, Custom House and Canning Town Station are also within easy reach for access to the Elizabeth Line and Jubilee Lines respectively plus the IFS Cloud cable car offers an alternative route over the Thames to North Greenwich.
SHARED OWNERSHIP. (Advertised price represents the minimum 25% share. Full market value £270,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [http://bit.ly/2pzBsVC]
(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: L&Q.
Tenure: New 990 year lease.
Minimum Share: 25% (£67,500). Please note that applicants should purchase the maximum share that they can afford and sustain.
Shared Ownership Rent: £464.06 per month (subject to annual review).
Service Charge: £196.20 per month (subject to annual review).
Guideline Minimum Income: Dual - £29,400 | Single - £35,700 (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. Please visit https://www.lqgroup.org.uk/media-centre/news/changes-to-our-pets-policy for questions about keeping pets in the property. There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £6,750
- Guide Min Income Dual £29.4k | Single £35.7k
- Top Floor (sixth, building has a lift)
- Approx. 488 Sqft Gross Internal Area
- Rear Facing Balcony
- Minutes from Royal Victoria DLR
- Short Walk to Custom House (Elizabeth Line)
- Canning Town (Jubilee Line) Within Easy Reach
Particulars
Tenure: Leasehold
Lease Length: 990 years
Council Tax Band: B
Property Downloads
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: 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 £270,000, £6,750 Min Deposit. Calculated using a representative rate of 4.59%