* Leasehold
* Guideline Minimum Deposit £12, 250
* Guideline Income £38. 9k (dual) £45. 2k (single)
* Third Floor (building has a lift)
* Approx. 497 Sqft Gross Internal Area
* Open Plan Kitchen/Reception Room
* Communal Heating and Hot Water System
* Balcony Overlooking Communal Garden
* Minutes from Tube/DLR Stations
Shared ownership (Advertised price represents 35% share. Full market value
£350, 000). This smartly - presented apartment is on the third floor and features
a twenty - three - foot reception room with near - full - height window and a door
leading out onto a balcony which overlooks the central courtyard. There is an
attractive, open - plan kitchen, a spacious bedroom and a stylish, high - spec
bathroom. Useful storage space has been provided in the entrance hallway.
Modern double glazing, well insulated walls and a communal heating/hot water
system make for a very good energy - efficiency rating. Bromley - by - Bow Station,
for the District and Hammersmith & City Lines, and Devons Road DLR are both
just minutes away.
**Interested parties are required to complete the shared ownership common
application form
**
**[]**
(Please note the minimum income and deposit requirements for eligibility. You
do not need to request a viewing separately once you have completed the
application form. )
_Housing Association: _ Clarion.
_Tenure: _ Leasehold (125 years from 2010).
_Minimum Share: _ 35% (£122, 500). The housing association will expect that you
will purchase the largest share affordable.
_Shared Ownership Rent: _ £423. 55 per month (subject to annual review).
_Service Charge: _ £155. 70 per month (subject to annual review).
_Guideline Minimum Income: _ Dual - £38, 900 Single - £45, 200 (based on minimum
share and 10% deposit).
_Council Tax: _ Band C, London Borough of Tower Hamlets. Priority is given to
applicants living and/or working in this local authority.
This property is offered for sale in the condition seen. The housing
association does not warrant to carry out any remedial or redecoration work of
a cosmetic nature unless specifically advised in writing. As a general rule,
fitted domestic appliances are included in the sale; non - fitted appliances are
not. If you require confirmation, you must request this in writing from Urban
Moves. The information in this document supersedes any information given
verbally either in person or by telephone. Pets not permitted (except
assistance animals). There is no parking space offered with this property.
_What is shared ownership ?_
Shared Ownership is a housing scheme designed to help homebuyers who are
unable to afford the cost of buying a property outright on the open market.
Properties may be sold off - plan or new build direct from housing associations,
or pre - owned from existing shared owners. The rules and terms of the scheme
are set by the Greater London Authority (gla) in London and Homes England
outside of London.
_Is shared ownership for you ?_
The gla and Homes England set the eligibility criteria for Shared Ownership,
but broadly speaking you must:
1\. Not own another property in the UK or any other country.
2\. Have a household income that falls below £90, 000 (£80, 000 threshold
outside the M25). Every property will have a minimum income level too,
determined by its’ value, rent and service charge costs. In most cases you
will need to meet or exceed the given minimum income.
3\. Have access to a minimum deposit of 10% of the share being purchased (a
minimum deposit of 5% of the share being purchased may be acceptable depending
on individual financial status).
4\. Be in full time permanent employment.
5\. Be a British, EU or eea Citizen or have indefinite leave to remain in the
UK.
6\. Have a good credit history.
Third Floor
Entrance Hallway
Reception
23' 6" x 9' 10" (7. 16m x 3. 00m)
Balcony
9' 5" x 4' 6" (2. 87m x 1. 37m)
Kitchen
included in reception measurement
Bedroom
12' 2" max. X 10' 10" (3. 71m x 3. 30m)
Bathroom

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