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Ceylon House - One Bed - Tower Hamlets

Shared ownership

London E1 8PZ, London, E1 8PZ

For sale
Shared ownership
Photo of Ceylon House - One Bed - Tower Hamlets
Live from space album cover

from

£178,500

with min. deposit

£17,850

30% Share from
£178,500
Full market price
£595,000
Minimum deposit
£17,850
Monthly rent
£812
Monthly service charge
£137
Annual ground rent
£300

1 bedroom flat

Once you have registered your interest, you will receive an email to book your viewing.

Ceylon House is a beautifully presented one-bedroom apartment located on the seventh floor, benefitting from a private balcony and communal garden. The lease remaining on the property is 120 years.

The property is centrally located just a short walk from Aldgate Underground Station (0.3 miles) served by the Circle and Metropolitan lines. Local buses serve the area connecting you to central London.

There are a variety of local amenities to choose from with Sainsbury's local and Amazon Fresh for groceries as well as an abundance of shops, bars and restaurants …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floor7th floor
Tenureleasehold
Lease years120

from

£178,500

with min. deposit

£17,850

30% Share from
£178,500
Full market price
£595,000
Minimum deposit
£17,850
Monthly rent
£812
Monthly service charge
£137
Annual ground rent
£300
Peabody

Peabody

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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