2 bedroom shared living/flatmate for sale

Overview

Shared OwnershipThis superb modern home is available to buy from as little as £205,000 with a 25% share!Set on the 4th floor and within a prime London location is this fantastic modern apartment, built in 2016 and presented in pristine condition. The unique 'City Living' accommodation features an open plan lounge/kitchen/diner with bi-fold doors that open fully into a magnificent garden room with full length windows and an ideal natural extension of the living space. There are two double bedrooms and a bathroom. The apartment also benefits from having an on-site concierge and gym facility included within the service charge.District Court is conveniently set within close proximity to four zone one underground stations - Aldgate East, Aldgate, Liverpool Street, and Tower Hill - ensuring superb connectivity to the rest of London, making flexible commuting a breeze. The home is conveniently located within walking distance to the City, Spitalfields Market, Tower Bridge and Shoreditch. With an extensive array of shopping, restaurants, bars and entertainment within easy reach.PRICING & AFFORDABILITYFull Market Value: £820,00025% Share Price: £205,000 (rent £1053.78pcm)Minimum 5% Mortgage Deposit (% share): £10,250Approximate Service Charges: £232.36pcm* Shared Ownership Lease: approx. 117 yearsCouncil Tax Band: GELIGIBILITYShared 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.** This home can also be purchased outright (100% of the value) which is £820,000 and a purchaser would not need to meet the eligibility criteria listed above. For more details and to contact: https://realtyww.info/rooms_1_commercial-road-d536665/for-sale_i70792126

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