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59 Morris Road

Shared ownership

Morris Road, Tower Hamlets, E14 6RR

For sale
Shared ownership
Photo of 59 Morris Road
Live from space album cover

from

£262,500

with min. deposit

£26,250

70% Share from
£262,500
Full market price
£375,000
Minimum deposit
£26,250
Monthly rent
£295
Monthly service charge
£147.69
Annual ground rent
£0
Reservation free
£500

2 bedroom flat

SHARED OWNERSHIP

Full Market Value: £375,000

You pay (70%): £262,500

Monthly Rent: £295.23

Service Charge: £147.69

Ground Rent: N/A

Council Tax Band: D

125 Year lease commenced April 2004 - 105 years remaining

Please note that at the current time, external wall certification (EWS1) is not available for this property. Mortgage lenders may request this certificate before they will provide a formal mortgage offer. More information and frequently asked questions regarding this subject can be found on the LQ Group website by searching "EWS1" 

The apartment offers fantastic transport links, Langdon Park DLR station is within 4 minutes walk for access to …

Features

Allocated parking

Balcony

Central heating

Double Glazing

Pets allowed

Communal Garden

Bedrooms2
Bathrooms1
Reception rooms1
Floor area63.9
Number of floors1
Entrance floor3rd floor
Tenureleasehold
Lease years105
EER Current78
EER Potential78
EIR Current80
EIR Potential80
Key Information Document

from

£262,500

with min. deposit

£26,250

70% Share from
£262,500
Full market price
£375,000
Minimum deposit
£26,250
Monthly rent
£295
Monthly service charge
£147.69
Annual ground rent
£0
Reservation free
£500
L&Q

L&Q

FAQs

Shared ownership is a government-backed scheme, designed to make stepping onto the property ladder more affordable. You buy a portion of a home normally with a mortgage and a deposit, and pay a low-cost rent on the rest.

Read more on the Shared Ownership FAQ

The rules for shared ownership are different to a private purchase. In short, as long as you don’t currently own, or won’t own another property when you move in to a new home, you’re likely to qualify. Help to Buy is available to first time buyers only and the property value itself must fall below a price threshold for that specific area which varies in terms of the average house price in the region.

Read more about eligibility in the FAQ

Some properties require you to live or work in the local area in order to be eligible to buy them. By knowing the areas in which you live and work, we can make sure you see everything available to you.

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