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Corfield Street, Bethnal Green

Shared ownership

Corfield St, London, E2 0DP

Sale under offer
Shared ownership
Photo of Corfield Street, Bethnal Green
Live from space album cover

from

£76,250

with min. deposit

£7,625

25% Share from
£76,250
Full market price
£305,000
Minimum deposit
£7,625
Monthly rent
£326
Monthly service charge
£98.04

1 bedroom flat

A bright and airy third floor flat in an attractive period mansion block in a quiet tree lined street and opposite a park. The property boasts high ceilings throughout, secure entry system, double bedroom, living room with separate kitchen. The property is in need of modernisation. 

The property is in the heart of desirable Bethnal Green, moments from Bethnal Green Tube and Overground stations and from the proposed Crossrail line at Whitechapel Station. All the vibrant amenities of East London hotspots Shoreditch, Spitalfields, Victoria Park, Columbia Road market and Hoxton are closeby. This would make an ideal London purchase for the first …

Features

Bedrooms1
Bathrooms1
Reception rooms1
Number of floors1
Entrance floor3rd floor
Tenureleasehold
Lease years92
EER Current62
EER Potential62
EIR Current47
EIR Potential47

from

£76,250

with min. deposit

£7,625

25% Share from
£76,250
Full market price
£305,000
Minimum deposit
£7,625
Monthly rent
£326
Monthly service charge
£98.04
Complete Moves

Complete Moves

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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