1 bed flat for sale

Fenton Street, London E1

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 well-presented one bedroom apartment located on the 2nd floor of a purpose built block, set within a gated development. The apartment comprises; entrance hallway, open plan kitchen/reception room, bedroom, bathroom and a balcony accessed via the reception room. The property benefits from door entry phone system and double-glazed windows.

Property Value: £275,000
Minimum Share: 30%
Share Value: £82,500
Lease Term - 82 years (approx.)
Rent pcm - £592.97
Service charge pcm - £187.93
Gross internal area: 465 sq.ft / 43.2 sq.m approx.
EPC Rating: B
Council Tax Band: C

Fenton Street is conveniently located for Shadwell DLR station and numerous bus routes on Commercial Road, providing access to the City, West End and Canary Wharf. A variety of local shops and cafes can be found in the immediate vicinity.