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Festive Mansions, London, E20 1EA

Shared ownership

Festive Mansions, London, E20 1EA

Sale under offer
Shared ownership
Photo of Festive Mansions, London, E20 1EA
Live from space album cover

from

£137,500

with min. deposit

£6,875

25% Share from
£137,500
Full market price
£550,000
Minimum deposit
£6,875
Monthly rent
£810
Monthly service charge
£201.51
Reservation free
£300
Administration free
£450

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.
This apartment is positioned moments from the Olympic Park, East Village has many independent bars/restaurants on your doorstep with a gym and local Sainsburys nearby. Free local fitness activities are also provided by Our Parks on Victory Park.

Excellent transport links from Stratford and Stratford …

Features

Balcony

Lift access

Bedrooms2
Bathrooms2
Reception rooms1
Furniture statusunfurnished
Floor area72.6
Number of floors1
Entrance floor4th floor
Tenureleasehold
Lease years117
EER Current85

from

£137,500

with min. deposit

£6,875

25% Share from
£137,500
Full market price
£550,000
Minimum deposit
£6,875
Monthly rent
£810
Monthly service charge
£201.51
Reservation free
£300
Administration free
£450
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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