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8 Towergate House, 28 Ordell Road

Shared ownership

28 Ordell Road, London, E3 2DL

For sale
Shared ownership
Photo of 8 Towergate House, 28 Ordell Road
Live from space album cover

from

£150,500

with min. deposit

£15,050

35% Share from
£150,500
Full market price
£430,000
Minimum deposit
£15,050
Monthly rent
£640
Monthly service charge
£126.18

2 bedroom house

We are delighted to offer this two bedroom purpose built flat. This property is located on the ground floor and built in circa 2005. The property benefits from a large entrance hall providing access to both bedrooms, bath and an open plan living room/ kitchen.  This property also benefits from 2 allocated car parking spaces and a lease length of approximately 108 years. 

Features

Bedrooms2
Bathrooms1
Reception rooms1
Number of floors1
Entrance floorGround floor
Tenureleasehold
Lease years125
EER Current85
EER Potential85

from

£150,500

with min. deposit

£15,050

35% Share from
£150,500
Full market price
£430,000
Minimum deposit
£15,050
Monthly rent
£640
Monthly service charge
£126.18
Southern Home Ownership

Southern Home Ownership

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

Help to Buy is an equity loan scheme to help you buy a new home. If you have a 5% deposit and can cover 75% of the value of the home with a mortgage (or 55% in London), the Government will lend you up to the remaining 20% (40% in London) in the form of an equity loan that carries 0% interest in the first 5 years. This is available on a variety of new-build properties for first time buyers and is subject to the property price, the subsequent price cap in that region and the developer offering the option.

You can read more on the Help to Buy 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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