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No longer on the market

This property is no longer on the market

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3 bedroom terraced house

Chain-free
Terraced house
3 beds
1 bath
Added > 14 days

Key information

TenureLeasehold | unconfirmed share | 78 yrs left
Service charge£1,072.56 per annum
Council taxAsk agent
BroadbandUltra-fast 1800Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Leasehold (78 years remaining)
  • Shared ownership terraced house
  • Three bedrooms
  • Parking
  • Garden
  • Spacious reception room
  • No onward chain
Shared Ownership

This home is available to buy from as little as £330,000 with a 30% share!

A rarely available three bedroom terraced home with parking located in Walthamstow. The property would benefit from some updating and modernisation but is presented in clean and tidy condition. The accommodation comprises entrance hall, downstairs WC, reception room, kitchen, three bedrooms and a family bathroom. Outside, there is a driveway for one car and at the rear there is a private low maintenance garden. This property is offered to the market with no onward chain.

Walthamstow, located in East London, is a vibrant area that offers a range of amenities and well-regarded local schools. The Mall offers a variety of high street shopping options and there are a variety of cafes, pubs, restaurants and eateries.
Walthamstow central station provides fast links in to central London underground and overground. There are also National Rail services to destinations outside of London and local bus routes.

PRICING & AFFORDABILITY

Full Market Value: £550,000

60% Share Price: £330,000 (rent £801 pcm)
Minimum 5% Mortgage Deposit (60% share): £16,500
Approximate Service Charges: £89.38 pcm*
Shared Ownership Lease: approx. 78 years
Council Tax Band: D

ELIGIBILITY

Shared 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. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.

* This home can also be purchased outright (100% of the value) which is £550,000 and a purchaser would not need to meet the eligibility criteria listed above.

Property information from this agent

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About this agent

SOWN - National
SOWN - National
Crowthorne House, Nine Mile Ride Wokingham RG40 3GZ
023 8221 9179
Full profileProperty listings
Evolved from Leaders Romans Group in 2018, SOWN is a dedicated shared ownership brand. We provide a full sales and marketing service on behalf of
Housing Associations across the UK, for both new-build and re-sale shared ownership homes. Our specialist team focuses exclusively on shared ownership,
which allows us to give the shared ownership market the attention it deserves. We're currently operating out of hubs in Wokingham, London and Nottingham.
At SOWN, we take care of everything. As part of the 40-year-strong Leaders Romans Group, we offer a comprehensive range of property servic... Show more
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