2 bed flat for sale

St. Annes Street, London E14

Shared Ownership

This superb modern home is available to buy from as little as £189,000 with a 45% share!

A well presented apartment situated on the third floor. This property is offered to the market with no onward chain complications and the accommodation comprises two bedrooms, modern bathroom, and an impressive bright and airy living/dining space open plan with a fully fitted kitchen and south facing Juliet balcony.

The E14 7QA postcode in Limehouse, East London, offers a variety of amenities within walking distance, making it a convenient and vibrant area to live. There are several grocery shops and eating options within walking distance of the apartment. The popular Billingsgate Market is nearby.
Limehouse DLR Station provides quick access to Canary Wharf (2 minutes) and Bank (6 minutes), connecting to the Docklands Light Railway and National Rail services.
Mile End Tube Station offers connections to the Central, District, and Hammersmith & City lines.
There are bus stops directly outside the flat, making transportation very convenient. A cycle highway is just a few minutes away and runs all the way to Westminster.
Pricing & affordability


Full Market Value: £420,000

45% Share Price: £189,000 (rent £831.12 pcm)
Minimum 5% Mortgage Deposit (45% share): £9450
Approximate Service Charges: £235.21pcm*
Lease: 115
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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

** This home can also be purchased outright (100% of the value) which is £420,000 and a purchaser would not need to meet the eligibility criteria listed above.