1 bedroom apartment for sale
Lace House, E8 4FL
Share percentage 35%, full price £505,000, £17,675 Min Deposit.
Share percentage 35%, full price £505,000, £17,675 Min Deposit
Monthly Cost: £2,066
Rent £974,
Service charge £200,
Mortgage £892*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
Private balcony, Good EPC Rating, Long Term Lease
Description
Shared Ownership
Full Market Value: £505,000
Share Value (35%): £176,750
Monthly Rent: £974.23
Service Charge: £200.36
Council Tax Band: C
125 year lease commenced December 2016 - 116 years remaining
EWS1 Certification is available for this property - B1
L&Q welcomes you to view this one bedroom, fourth floor apartment.
This stylish and spacious one-bedroom flat boasts a generous 20m² private terrace, perfect for outdoor living. It is situated on the fourth floor of a modern development, ensuring plenty of natural light and fantastic rooftop views. The reception/dining area flows seamlessly into an open-plan kitchen with integrated appliances. The large double bedroom features built-in wardrobes, while the modern main bathroom and a spacious hallway with storage enhance functionality. Additional benefits include secure bike storage on the ground floor.
This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.
Ideally located near Haggerston overground station, with Kingsland High Street just around the corner providing endless shops and cafes towards Dalston, and heading south direct access to Shoreditch High Street. Lace House is located close by to Stonebridge Park, with Broadway Market and Columbia Road Flower Market close by offering great weekend amenities.
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 £76,877. 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
- Good EPC Rating
- Communal gardens
- Pets allowed
- Long Term Lease
Particulars
Tenure: Leasehold
Lease Length: 125 years
Council Tax Band: C
Property Downloads
Key Information Document Floor Plan Energy CertificateMap
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 - Private Balcony
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 £505,000, £17,675 Min Deposit. Calculated using a representative rate of 4.59%
