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Festive Mansions, 10 Napa Close, London, E20 1EA

Shared ownership

FLAT 13 Festive Mansions, 10 Napa Close, East Village, London, E20 1EA

Sale under offer
Shared ownership
Photo of Festive Mansions, 10 Napa Close, London, E20 1EA
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from

£135,000

with min. deposit

£6,750

25% Share from
£135,000
Full market price
£540,000
Minimum deposit
£6,750
Monthly rent
£779
Monthly service charge
£190.97

2 bedroom flat

A fantastic opportunity has arisen for a buyer to make the former Athlete‘s Village their home, situated on the 4th floor this 2 bedroom, 2 bathroom apartment is ideal for first time buyers. Offering a naturally bright interior with with a spacious open-plan living and kitchen with private balcony benefiting from tons of natural light. The flat has two large double bedrooms, one with an en suite and with plenty of storage space and another modern bathroom with a shower and bath.

The owner of the property does have the option to obtain an under ground car parking space or an off-street parking permit from Newham Council.

The property comes …

Features

Bedrooms2
Bathrooms2
Reception rooms1
Furniture statusunfurnished
Floor area68.3
Number of floors1
Entrance floor4th floor
Tenureleasehold
Lease years116
EER Current84
EER Potential84
EIR Current97
EIR Potential97

from

£135,000

with min. deposit

£6,750

25% Share from
£135,000
Full market price
£540,000
Minimum deposit
£6,750
Monthly rent
£779
Monthly service charge
£190.97
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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