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Festive Mansions, Napa Close, London, E20 1EA

Shared ownership

Festive Mansions, Napa Close, London, E20 1EA

Sold
Shared ownership
Photo of Festive Mansions, Napa Close, London, E20 1EA
Live from space album cover
Sold out. Register interest for more information
25% Share from
£137,500
Full market price
£550,000
Minimum deposit
£6,875
Monthly rent
£811
Monthly service charge
£203.88
Annual ground rent
£810.61
Reservation free
£300
Administration free
£450

2 bedroom flat

A stunning two bedroom apartment on the fourth floor of  this prestigious modern development providing an ideal first time buy. Situated in the heart of the Olympic Park this property comprises open plan living and kitchen, two double bedrooms with ensuite  facilities to the master bedroom and a spacious modern bathroom.  A private balcony overlooks the lush communal grounds.

'London's Coolest Postcode'' - the former athletes village, The East Village - is now a wonderfully reimagined neighbourhood packed with independent eateries, artisanal burger joints and other ventures from yoga studios to hairdressers. Within walking distance to …

Features

Bedrooms2
Bathrooms2
Reception rooms1
Furniture statusunfurnished
Number of floors1
Entrance floor4th floor
Tenureleasehold
Lease years119
Sold out. Register interest for more information
25% Share from
£137,500
Full market price
£550,000
Minimum deposit
£6,875
Monthly rent
£811
Monthly service charge
£203.88
Annual ground rent
£810.61
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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