keaze logo

Fairway Court

Shared ownership

15 Culvert Drive, London, E3 3UF

For sale
Photo of Fairway Court
Photo of Fairway Court
Photo of Fairway Court
Photo of Fairway Court
Photo of Fairway Court
Photo of Fairway Court
Photo of Fairway Court
Photo of Fairway Court
Photo of Fairway Court
Photo of Fairway Court
Photo of Fairway Court
Live from space album cover

1 bedroom flat

This 1 bed flat is found in a great apartment block in Bromley by the Bow that is just a 14 minute bus journey and 16 minutes on the tube to Stratford Station. A perfect home for commuters.

The flat has a bright and open living area that leads to a large balcony with great views of the River Lea. The kitchen is fully fitted with plenty of space for a dining area. The double bedroom offers plenty of space and has large windows that lets lots of natural light in. There is a modern family bathroom newly tiled with a bath and shower.

Full price: £355,00
Min share: 50%
Min share value: £177,500
Subsided monthly rent: £472.37
Minimum deposit: £8,875
Mont…

Features

Bedrooms1
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area45.3
Number of floors1
Entrance floor1st floor
Tenureleasehold
Lease years118
EER Current85
EIR Current85

from

£177,500

with min. deposit

£8,875

50% Share from
£177,500
Full market price
£355,000
Minimum deposit
£8,875
Monthly rent
£472
Monthly service charge
£136.99
Reservation free
£300
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.

Similar properties

Coachmakers Yard
Shared ownership

Coachmakers Yard

new home

Walthamstow, London

1 - 3

1

Minimum deposit

£8,875

25% Share from

£88,750

Full price

£355,000

Trinity Court
Shared ownership

Trinity Court

new home

Marsh Road, Pinner

1 - 2

1

Minimum deposit

£8,875

50% Share from

£177,500

Full price

£355,000

The Beeches
Shared ownership

The Beeches

new home

Lindfield

2 - 3

1

Minimum deposit

£6,213

35% Share from

£124,250

Full price

£355,000