£112,500
(£139/sq. ft)
2 bed flat for saleDunedin Road, London E10
2 beds
2 baths
807 sq. ft
EPC Rating: B
- Shared ownership
- Leasehold
Newlon Living - Resales
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About this property
Balcony
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.
An impressive, bright and spacious two bedroom apartment located on the fourth floor of a modern development, benefiting from contemporary fittings. The accommodation comprises; hallway, open plan kitchen/reception room, two bedrooms, ensuite, bathroom and a balcony. The building benefits from a communal garden, lift and stair access to all floors, secure door entry system and bicycle storage area.
Property Value: £450,000
Minimum Share: 25%
Share Value: £112,500
Lease Term - 119 years (approx.)
Rent pcm - £984.80
Service charge pcm - £342.45
Gross internal area: 807 sq.ft / 75 sq.m approx.
EPC Rating: B
Council Tax Band: C
The area is well served by transport links with Leyton underground station within a 10 minute walk, providing easy access to the underground network. There are numerous local bus routes. A variety of local shops, cafes and restaurants can be found nearby.
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More information
Tenure
Leasehold (119 years)
Service charge
£342 per month
Council tax band
C
Ground rent
£150
Ground rent date of next review
Ground rent review period
Every 25 years
Shared ownership percentage owned
25%
Shared ownership rent
£985 per month