£152,000
(£214/sq. ft)
1 bed flat for sale
Dunedin Road, London E10Shared ownership
Leasehold
1 bed
1 bath
710 sq. ft
EPC Rating: B
Key information
Tenure
Leasehold (120 years)
Service charge
£312 per month
Council tax band
B
Ground rent
£150
Ground rent date of next review
Ground rent review period
Every 25 years
Shared ownership percentage owned
40%
Shared ownership rent
£568 per month
About this property
Terrace
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.
An impressive one bedroom apartment located on the upper ground floor of a modern development, benefiting from contemporary fittings. The accommodation comprises; hallway, open plan kitchen/reception room, bedroom, bathroom, private terrace and winter garden. The building benefits from a communal garden, lift and stair access to all floors, door entry system and bicycle storage area.
Property Value: £380,000
Minimum Share: 40%
Share Value: £152,000
Lease Term - 120 years (approx.)
Rent pcm - £567.55
Service charge pcm - £312.07
Gross internal area: 710 sq.ft / 66 sq.m
EPC Rating: B
Council Tax Band: B
Ground rent p.a.: £150 (payable from final staircasing to 100% ownership, subject to review every 25 years)
The area is well served for transport with Leyton underground station within 10 minute walk, providing easy access to the underground network and nation rail terminals. There are numerous local bus routes. A variety of local shops, cafes and restaurants can be found nearby.
More information
Listed by
Newlon Living - Resales