3 bedroom apartment for sale
Icon Apartments, E1 4FX
Share percentage 25%, full price £540,000, £13,500 Min Deposit.
Share percentage 25%, full price £540,000, £13,500 Min Deposit
Monthly Cost: £2,170
Rent £1,157,
Service charge £331,
Mortgage £682*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Three bedroom apartment in Stepney
Description
SHARED OWNERSHIP
Full Market Value: £540,000
Share Value (25%): £ 135,000
Monthly Rent: £1156.77
Service Charge: £330.55
Council Tax Band: E
125 year lease commenced April 2013 - 113 years remaining
Please note that at the current time, external wall certification (EWS1) is not available for this property - Letter of assurance available for lenders
This spacious apartment offers a dual aspect reception room opening into a private balcony over looking the park, as well as a separate kitchen diner with white units and including integrated appliances. There are three double bedrooms, the largest having fitted storage. The large bathroom and separate cloakroom offer the opportunity to upgrade if required. There is additional storage in the hallway.
Just a short walk from Stepney Green Station, this property is excellently connected, providing easy access to the City, Canary Wharf, and beyond. The area boasts a variety of local amenities, green spaces, and a lively community atmosphere. Located just a short distance from Queen Mary University, this property is also within a 10-minute walk of Mile End Station, offering excellent transport links and easy access to the surrounding areas.
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 £80,364. If you are offered the home, your ability to afford this property will be assessed at your financial interview. Please note that applicants 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 a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
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 March 2025.
Key Features
- Excellent transport links
- Close to local amenities
- Overlooks park
- Communal heating
- Bike storage
- Balcony
- Cloakroom suitable for possible upgrade to bathroom
Particulars
Tenure: Leasehold
Lease Length: 113 years
Council Tax Band: E
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 - Communal Garden
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 £540,000, £13,500 Min Deposit. Calculated using a representative rate of 4.59%
