1 bed flat for sale

Bridle Mews, 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.

An impressive one bedroom apartment located on the third floor of a modern development. The accommodation comprises; hallway, open plan kitchen/reception room, bedroom, bathroom, balcony and private roof terrace. Residents have access to a 24 hour concierge and an onsite leisure complex with gym, swimming pool, jacuzzi, steam room and sauna. The building benefits from lifts serving all floors, door entry phone system, bicycle storage area and communal garden.

Property Value: £545,000
Minimum Share: 30%
Share Value: £163,500
Lease Term - 118 years (approx.)
Rent pcm - £675.58
Service charge pcm - £301.18
Gross internal area: 537 sq.ft / 50 sq.m
EPC Rating: B
Council Tax Band: E
Ground rent p.a.: £550 (payable from final staircasing to 100% ownership)

Aldgate has excellent transport links, close proximity to the Thames & the City, as well as being just a short distance from a range of trendy eateries, bars, shops and theatres. Within Goodman’s Fields you will find a Sainsbury’s Local, The Pastry Parlour and Curzon Cinema & Bar.