1 bedroom apartment for sale
Rainhill Way, London, London, E3 3YW
Share percentage 25%, full price £370,000, £9,250 Min Deposit.
Share percentage 25%, full price £370,000, £9,250 Min Deposit
Monthly Cost: £1,325
Rent £731,
Service charge £127,
Mortgage £467*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A 1st floor one-bedroom flat with a separate living-room with open plan kitchen, storage room, and b...
Description
Welcome to this modern 1-bedroom apartment located in the heart of Tower Hamlets, London. This property presents an excellent opportunity for shared ownership, offering an affordable path to homeownership.
Situated on the first floor, the apartment features a bright and spacious open-plan living area with a modern fitted kitchen, providing a versatile space for cooking and entertaining. The bedroom is well-proportioned, offering a comfortable living space that can be adapted to suit your needs, whether as a restful retreat or a productive home office.
The property also benefits from a private balcony, perfect for enjoying fresh air and outdoor relaxation. Additionally, residents have access to a communal garden, enhancing the sense of community within the development.
Located within easy reach of transport links, including Bromley-By-Bow Underground Station and Devons Road DLR Station, commuting across London is seamless. The surrounding area offers a range of amenities, including shops, restaurants, and leisure facilities.
ELIGIBILITY
- You must be at least 18 years old.
- In London your annual household income must be less than £90,000.
- You cannot own another home. Shared Ownership purchasers are often first-time buyers but if you do already own another property (either in the UK or abroad), you must be in the process of selling it.
- You should not be able to afford to buy a home suitable for your housing needs on the open market.
- You must show you are not in mortgage or rent arrears.
- You must be able to demonstrate that you have a good credit history.
Key Features
- Balcony
Particulars
Tenure: Leasehold
Lease Length: 120 years
Council Tax Band: C
Property Downloads
Floor PlanMap
Material Information
Total rooms:
Furnished: Enquire with provider
Washing Machine: Enquire with provider
Dishwasher: Enquire with provider
Fridge/Freezer: Enquire with provider
Parking: No - Garage
Outside Space/Garden: No
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 £370,000, £9,250 Min Deposit. Calculated using a representative rate of 4.59%