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.

A stunning one bedroom apartment located on the fourth floor of a modern development. The accommodation comprises; hallway, open plan kitchen/reception room, bedroom, bathroom, and private terrace. The building benefits from lifts serving all floors, door entry phone system, bicycle storage area, communal garden, 24 hour concierge and residents can access the onsite leisure complex with gym at an additional cost.

Property Value: £550,000
Minimum Share: 60%
Share Value: £330,000
Lease Term - 118 years (approx.)
Rent pcm - £386.03
Service charge pcm - £301.18
Gross internal area: 529 sq.ft / 49.2 sq.m approx.
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.