2 bedroom apartment for sale
Tria Apartments, 49 Durant Street, London, E2 7DT
Share percentage 45%, full price £540,000, £24,300 Min Deposit.
Share percentage 45%, full price £540,000, £24,300 Min Deposit
Monthly Cost: £1,956
Rent £504,
Service charge £225,
Mortgage £1,227*
Calculated using a representative rate of 4.59%
Calculate estimated monthly costs
Summary
A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis
Description
This smartly-presented apartment is on the first floor and has a dual-aspect (S/SE and W/SW) facing reception room with a corner balcony that overlooks the adjacent area of grass and trees. The attractive, semi-open-plan kitchen features sleek units, integrated appliances and a tiled floor. There is a main bedroom with en-suite shower room plus a second, good-sized, double bedroom and a spacious bathroom. The development has a large communal roof terrace and there are also public open spaces such as Ion Square Gardens, Weavers Fields and Haggerston Park close by. Cambridge Heath and Bethnal Green are the nearest stations with Hoxton and Shoreditch High Street only slightly further away. Whitechapel Station, for the Elizabeth, District and Hammersmith & City lines, is also within easy reach and Liverpool Street within reasonable walking distance or brief bus/bike ride.
SHARED OWNERSHIP (Advertised price represents 45% share. Full market value £540,000).
INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/4m93fnze]
(Please note the minimum income and deposit requirements for eligibility. You do not need to request a viewing separately once you have completed the application form.)
Housing Association: A2Dominion.
Tenure: Leasehold (approximately 109 years remaining).
Minimum Share: 45% (£243,000). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £504.36 per month (subject to annual review).
Service Charge: £225.16 per month (subject to annual review).
Guideline Minimum Income: Dual - £72,800 | Single - £84,100 (based on minimum share and 10% deposit).
Council Tax: Band D, London Borough of Tower Hamlets. Priority is given to applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing association does not warrant to carry out any remedial or redecoration work of a cosmetic nature unless specifically advised in writing. As a general rule, fitted domestic appliances are included in the sale; non-fitted appliances are not. If you require confirmation, you must request this in writing from Urban Moves. The information in this document supersedes any information given verbally either in person or by telephone. Pets not permitted (except assistance animals). There is no parking space offered with this property.
Key Features
- Guideline Minimum Deposit £24,300
- Guide Min Income Dual £72.8k | Single £84.1k
- First Floor (building has a lift)
- Approx. 647 Sqft Gross Internal Area
- Dual Aspect Kitchen/Reception Room
- Bathroom plus En-Suite Shower Room
- Balcony plus Communal Roof Terrace
- Short Walk to Tube/London Overground Stations
Particulars
Tenure: Leasehold
Lease Length: 109 years
Council Tax Band: D
Property Downloads
Floor Plan BrochureMap
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: 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 45%, full price £540,000, £24,300 Min Deposit. Calculated using a representative rate of 4.59%