1 bedroom apartment for sale
Salvor Tower, 41 Mastmaker Road, E14 9XS
Share percentage 35%, full price £480,000, £16,800 Min Deposit.
Share percentage 35%, full price £480,000, £16,800 Min Deposit
Monthly Cost: £1,764
Rent £683,
Service charge £233,
Mortgage £848*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
You will need to be earning a guidance income of £62,444. You will need access to savings of at least £4,000 to cover the cost of buying the home. A minimum 10% deposit approx. £14,000. Total approximate savings required £18,000.
Important borough specific eligibility criteria
All London applicants will be considered with priority given to people who live/work in the borough of Tower Hamlets.
Applicants must be earning under £90,000 to be eligible for one, two and three bedroom apartments.
If you are an existing homeowner we will not be able to allocate you a home unless you have found a buyer for your existing home and are deemed to be in need of housing by your local council.
Summary
One-bedroom 19th floor apartment in Tower Hamlets available through Shared Ownership 35% at £144,000
Description
Internal
- Hallway
- Bedroom
- Kitchen / living room
- Bathroom
External
- Private balcony
GIA
56 sqm
Lease Length
TBC
EPC
B
Borough
Tower Hamlets
Key Features
Transport
- South Quay (0.14 miles)
- Heron Quays (0.27 miles)
- Canary Wharf (0.29 miles)
Local Area
Easy access to various amenities; schools, gyms, shops, restaurants, bars and recreational facilities.
Particulars
Tenure: Leasehold
Lease Length: 993 years
Council Tax Band: D
Map
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No
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 35%, full price £480,000, £16,800 Min Deposit. Calculated using a representative rate of 4.59%
