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Shared ownership
£365,000

1 bedroom apartment for sale

at Pilch House, 27 Violet Road, London E3
Apartment
1 bed
1 bath
Added > 14 days

Key information

TenureLeasehold | 25% share | rental £2.75pcm | 118 yrs left
Ground rent£350 per annum | review period: unconfirmed
Service charge£2,436.12 per annum
Council taxBand C

Features and description

  • Tenure: Leasehold (118 years remaining)
  • Available through Shared Ownership
  • Private balcony
  • Beautifully presented
  • Great transport links


Property reference number: RES-1029



Pilch House is a one-bedroom property located on the first floor of a four storey apartment block built around 2017, the block has lift access. The lease remaining on the property is 118 years.



There are good transport links with Devons Road DLR located at 0.1 miles and Bromley by Bow station located 0.4 miles away.



Local buses serve the area and the night buses links to Stratford and Olympic Park.



For leisure and enjoyment, Shops, Bars and Restaurants are within 0,4 miles.



  • Nearest station: Devons Road DLR and Bromley by Bow station.
  • Bus routes nearby: 108


The property located on the first floor comprises:



  • Entrance: Hallway with two large fitted storage cupboards and video entry phone system.

    Living room: Spacious living area with lots of natural light and balcony door leading onto the private balcony. Wooden flooring.

    Kitchen: Beige high gloss wall units with white quartz worktop. Integrated appliances in very good condition. Wooden laminate flooring.
  • Bedroom one: Double bedroom with wooden flooring and fitted wardrobe.
  • Bathroom: Beige suite comprising bath with shower head, WC and hand washbasin with large mirrored cabinet over. Tiled flooring.

    Outside: Large private balcony, secure cycle storage and communal garden.


What happens after I register my interest?



After registering your interest for a Peabody home, you will receive an email confirmation from us. The email will confirm what you need to do next to secure a property viewing which includes completing a financial assessment with a mortgage advisor and completing the Shared Ownership Application Form. 



If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody. If you still haven’t received the email after checking here, please contact [use Contact Agent Button] and our team will be able to help you.



What is Shared Ownership?



Available to purchase through Shared Ownership, purchasers are able to buy as much of the property as they can afford, from 25 - 75%, paying a low cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these high-spec homes even more affordable in such a sought after location.



Financial information



  • Tenure: Leasehold
  • Remaining Lease Term: 118 Years
  • Annual ground rent amount: £350 p.a.
  • Ground rent review period: Ground rent rises to £400 per annum for years 11-12.  Additional rises of £50.00 every 10 years.
  • Annual service charge amount: £2,436.12
  • Service charge review period: 1st April annually
  • Council tax band: Band C


 


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About this agent

Peabody - Resales
Peabody - Resales
45 Westminster Bridge Road London SE1 7JB
020 8022 5253
Full profileProperty listings
Peabody develop award-winning homes across London and the Home Counties, with a mission to create great places where people can flourish and want to live. Our ambitious house-building programme aims to provide thousands of high-quality new homes for private sale, Shared Ownership, Rent to Buy, and social rent.
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