1 bed flat for sale

63 Schoolhouse Lane, London E1W

If you are unable to buy a property outright on the open market, then Shared Ownership could be the ideal solution for you. It is a part-buy, part-rent scheme, which enables purchasers to buy an initial share of usually between 25% and 75% the value of the property and pay a subsidised rent on the remainder. A service charge may also be payable to cover the cost of communal maintenance. Shared Ownership properties are designed as a stepping stone to completely owning your own home, allowing you to buy as much as you can afford when you can afford it.

A resale is a Shared Ownership property that the current owner bought new from us or as a resale. Buying a resale property makes you an owner-occupier because you are buying at least the current owner's share on the existing lease. The great thing about choosing to buy a re-sale shared ownership property is that it gives you the opportunity to speak to the previous owner and to find out more about the area.

A bright and spacious one bedroom apartment located on the fourth floor of a modern residential development. The accommodation comprises a reception room with open plan kitchen area, double bedroom, bathroom and juliet balcony. The building benefits from lifts serving all floors, a secure door entry phone system and CCTV.

Property Value: £300,000
Minimum Share: 35%
Share Value: £105,000
Lease Term - 81 years (approx.)
Rent pcm - £527.28
Service charge pcm - £280.69
Gross internal area: 527 sq.ft / 49 sq.m
EPC Rating: B
Council Tax Band: C
Ground rent p.a.: £150 (payable from final staircasing to 100% ownership, subject to review every 25 years)

A variety of local cafes, restaurants and shopping facilities located nearby. Shadwell, Limehouse and Wapping are the nearest tube/train stations with Canary Wharf approximately one mile from the property