2 bedroom apartment for sale

Available

Katie Court, 7 Edwin Street, London, E16 1XS

£88,750 Shared Ownership Resale

Share percentage 25%, full price £355,000, £8,875 Min Deposit.

Available
2 bedrooms
1 Bathroom
Private Balcony/Terrace
Parking
Floor plan
floor-plan
Floor plan
floor-plan
£88,750 Shared Ownership Resale

Share percentage 25%, full price £355,000

Monthly Cost: £1,643

Rent £1,010, Service charge £160, Mortgage £473*

Calculated using a representative rate of 5.13%

Calculate estimated monthly costs

£
Summary

A Fantastic Opportunity to Purchase a Two Bedroom Apartment on a Shared Ownership (Part Buy/Part Rent) Basis

Description

A two-bedroom apartment on the third floor of a modern development just a short walk from both Canning Town Station (Jubilee Line + DLR) and Custom House (Elizabeth Line + DLR). The property has a spacious reception room with open-plan kitchen area featuring attractive units and integrated appliances. Glazed doors lead from the living area out onto a rear (east) facing balcony. The smaller of the two bedrooms also allows access to the balcony and the generously-sized main bedroom features a pair of Juliette balconies. There is a stylish bathroom and a pair of built-in storage/utility cupboards have been provided in the entrance hall. Well insulated walls, high performance glazing and a communal heating/hot water system all contribute towards a very good energy-efficiency rating. Katie Court has a cycle storage area and a gated car park which includes a space allocated to this apartment.

SHARED OWNERSHIP (Advertised price represents 25% share. Full market value £355,000).

INTERESTED PARTIES ARE REQUIRED TO COMPLETE THE SHARED OWNERSHIP COMMON APPLICATION FORM [ https://tinyurl.com/f3ffpjct]

(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: Clarion.
Tenure: Leasehold (125 years from 01/03/2018).
Minimum Share: 25% (£88,750). The housing association will expect that you will purchase the largest share affordable.
Shared Ownership Rent: £1009.90 per month (subject to annual review).
Service Charge: £159.62 per month (subject to annual review).
Ground Rent: £300.00 for the year.
Guideline Minimum Income: Dual - £53,700 | Single - £61,700 (based on minimum share and 10% deposit).
Council Tax: Band C, London Borough of Newham. 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 may be permitted but only with prior consent from Clarion (which, unfortunately, can only be obtained once you are the property owner).

Key Features
  • Guideline Minimum Deposit £8,875
  • Guide Min Income Dual £53.7k | Single £61.7k
  • Third Floor (building has a lift)
  • Approx. 680 Sqft Gross Internal Area
  • Open Plan Kitchen/Reception Room
  • Rear Facing Balcony
  • Spacious Main Bedroom
  • Very Good Energy Efficiency Rating
  • Secure Parking Space
  • Short Walk to Canning Town/Custom House
Particulars

Tenure: Leasehold
Council Tax Band: C

Property Downloads
Key Information Document Floor Plan Brochure
Monthly Cost Calculator

The ‘Estimated total monthly cost’ for a Shared Ownership property consists of three separate elements added together, rent, service charge and mortgage.

Read More Read Less
  • 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 costs for the property as a whole and communal areas
  • Mortgage: Share to Buy ltd are specialist Shared Ownership mortgage brokers and we use a database of daily updated mortgage rates to work out the lowest rate available for the deposit amount shown, and then generate an estimated monthly payment on a 25 year capital repayment basis.

NB: this mortgage estimate is not confirmation that you can obtain a mortgage and you will also need to satisfy the requirements of the relevant mortgage lender. Nor is this a guarantee that in practice you would be able to apply for such a rate, and nor is this a recommendation that the rate used would be the best product for you.

£88,750
Shared Ownership Resale
Estimated Monthly Cost:£1,643
Rent £1,010
Service £160
Mortgage £473

Share percentage 25%, full price £355,000, £8,875 Min Deposit. Calculated using a representative rate of 5.13%

Disclaimer
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.