2 bedroom apartment for sale
10 Masters Street, E1 3NW
Share percentage 40%, full price £495,000, £19,800 Min Deposit.
Share percentage 40%, full price £495,000, £19,800 Min Deposit
Monthly Cost: £1,681
Rent £539,
Service charge £142,
Mortgage £1,000*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Shared Ownership Scheme
You may be eligible for this property if:
- Your income is £90,000 a year or less.
- You are a first-time buyer, you used to own a home but can't afford to buy one now, or you are an existing owner looking to sell.
- You are able to purchase a minimum share of 25% up to a maximum share of 75% (options to staircase to 100% ownership can be explored one year after completion)
- You do not own any other property within the UK or abroad. (You will need to sell any existing property owned before buying through the shared ownership scheme.)
Summary
Spacious 2-Bedroom Apartment in E1 (Tower Hamlets)
Description
Full Market Value: £495,000
Shared Ownership Share Available: 40% (£198,000)
Available through the Shared Ownership scheme or for 100% purchase
This generously sized two-bedroom ground-floor apartment, spanning approximately 77 square meters, offers a perfect blend of comfort, practicality, and accessibility. Located in the vibrant area of E1 (Tower Hamlets), this well-loved home is ready for your personal touch and creative updates.
Key Features:
- Generous Living Area: Spacious and ideal for modern living
- Private Enclosed Terrace: Perfect for enjoying your morning coffee or creating a garden oasis
- Allocated Parking Space: Convenience right at your doorstep
- Wheelchair Adapted: With adjustable countertops for enhanced accessibility
- Modern Appliances: Relatively new fridge/freezer and washing machine included
- Fully Equipped Kitchen: Gas hob with extractor and built-in oven
Ideal Location:
- Less than a 10-minute walk to Stepney Green Station (District and Hammersmith & City lines)
- Less than a 15-minute walk to Limehouse DLR Station
- Surrounded by multiple green spaces, including Shandy Park, Stepney Green Park, and Mile End Park, all within a 10-minute walk
Rental, Service Charge & Soma:
- Monthly Rental: £538.67
- Monthly Service Charge: £142.02
- Monthly Soma: £29.82
Why This Home?
This property offers an excellent opportunity for first-time buyers, young families, or investors looking to step into the bustling East London property market. With a bit of TLC and a modern update, it has the potential to be transformed into your dream home.
Don't miss this chance to own or invest in a fantastic home in one of East London’s most vibrant and well-connected neighbourhoods!
Contact us today to arrange a viewing and explore this wonderful opportunity!
Particulars
Tenure: Leasehold
Lease Length: 78 years
Council Tax Band: D
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
Material Information
Total rooms:
Furnished: Unfurnished
Washing Machine: Yes
Dishwasher: Enquire with provider
Fridge/Freezer: Yes
Parking: Yes - Allocated
Outside Space/Garden: Yes - Patio
Year property was built: 2004
Unit size: 77
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 40%, full price £495,000, £19,800 Min Deposit. Calculated using a representative rate of 4.59%
