2 bed flat for sale

21 Parnham Street, London E14

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 and spacious two bedroom apartment located on the seventh floor of a modern residential development. The apartment comprises; open plan kitchen/reception room, two bedrooms and bathroom. The apartment benefits from double-glazed windows to the south, the west and the north elevations, affording far-reaching skyline views along the canal and beyond towards the towers at Canary Wharf. The building has lifts serving all floors and a large, paved communal roof terrace.

Property Value: £410,000
Minimum Share: 30%
Share Value: £123,000
Lease Term - 84 years (approx.)
Rent pcm - £603.12
Service charge pcm - £334.62
Gross internal area: 667 sq.ft / 62 sq.m
EPC Rating: B
Council Tax Band: D
Ground rent p.a.: £150 (payable from final staircasing to 100% ownership, subject to review every 25 years)

A variety of local shops and cafes can be found nearby in Salmon Lane and the apartment is well served by local bus routes and trains (both overground & DLR) from nearby Limehouse station with good public transport links to and from the City/ Liverpool Street, Canary Wharf, Central London and the West End.