1 bed flat for sale

Mission Grove, London E17

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 and spacious one bedroom apartment located on the second floor of a modern purpose built development, benefiting from contemporary fittings. The accommodation comprises; hallway, open plan kitchen/reception room/dining area, bedroom, bathroom and a balcony. The building benefits from a lift and stair access to all floors, door entry system and bicycle storage area.

Property Value: £340,000
Minimum Share: 30%
Share Value: £102,000
Lease Term - 247 years (approx.)
Rent pcm - £633.90
Service charge pcm - £169.08
Gross internal area: 547 sq.ft / 50.9 sq.m approx.
EPC Rating: B
Council Tax Band: B

The area is well served by public transport links, approximately a 5 minute walk from St James Street Overground Station and a 15 minute walk to Walthamstow Central Station. There are numerous local bus routes. Walthamstow Market and a variety of local shops, cafes and restaurants can be found nearby.