2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (117 years remaining)
- Modern Shared Ownership home
- Chain-free
- Open plan living
- Walking distance to local Zone 1 tube stations
- 4th floor
- Gym & concierge facilities
This 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 & AFFORDABILITY
Full Market Value: £820,000
25% Share Price: £205,000 (rent £1053.78pcm)
Minimum 5% Mortgage Deposit (% share): £10,250
Approximate Service Charges: £232.36pcm*
Shared Ownership Lease: approx. 117 years
Council Tax Band: G
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.
* 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.
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Property reference SDO240092. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by SOWN - National.
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Broadband availability and predicted speed: obtained from Ofcom on December 22, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 22, 2021
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on November 17, 2016 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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