Shared Ownership in Greater London, London. 2 bedroom Apartment

  • £820,000

    Equity share: 25% / £205,000

District Court
For Sale Shared Ownership

Shared Ownership in Greater London, London. 2 bedroom Apartment

District Court
  • £820,000

    Equity share: 25% / £205,000

Property Overview

  • Apartment
  • Property Type
  • 2
  • Bedrooms
  • 1
  • Bathroom

Property Description

We are pleased to bring to the market this 2 bedroom Apartment Shared Ownership. It is situated in London, London and is available now

This superb modern home is available to buy from as little as £205,000 with a 25% share!

Set on the 4th floor and within a prime London location is this fantastic modern apartment, built in 2016 and presented in pristine condition. The unique ‘City Living’ accommodation features an open plan lounge/kitchen/diner with bi-fold doors that open fully into a magnificent garden room with full length windows and an ideal natural extension of the living space. There are two double bedrooms and a bathroom. The apartment also benefits from having an on-site concierge and gym facility included within the service charge.

District Court is conveniently set within close proximity to four zone one underground stations – Aldgate East, Aldgate, Liverpool Street, and Tower Hill – ensuring superb connectivity to the rest of London, making flexible commuting a breeze. The home is conveniently located within walking distance to the City, Spitalfields Market, Tower Bridge and Shoreditch. With an extensive array of shopping, restaurants, bars and entertainment within easy reach.

PRICING & AFFORDABILITY

Full Market Value: £820,000

25% Share Price: £205,000 (rent £1053.78pcm)
Minimum 5% Mortgage Deposit (% share): £10,250
Approximate Service Charges: £232.36pcm*
Shared Ownership Lease: approx. 117 years
Council Tax Band: G

ELIGIBILITY

Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.

To be eligible for shared ownership you would need to meet the following criteria:

• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.

*Service charges are estimated and may subject to change.

** This home can also be purchased outright (100% of the value) which is £820,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property Address

Open on Google Maps
  • Address District Court
  • City London
  • County London
  • Postal Code E1 1FE

Details

Updated on April 11, 2024 at 11:49 am
  • Property ID: MS-124084
  • Rental Amount Per Month: £1,054/Month
  • Bedrooms: 2
  • Bathroom: 1
  • Property Type: Apartment
  • Property Status: For Sale, Shared Ownership
  • Estimated Monthly Service Charge (£): 232.36
  • Value Of The Equity Share: 25% / £205,000
  • Overall Property Value: £820,000
  • Tenure: Leasehold
  • Council Tax Band: G
  • Length of Lease: 117

Contact SOWN about: Shared Ownership in Greater London, London. 2 bedroom Apartment

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