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Goldpence Apartments - Seventh Floor - Tower Hamlets

Shared ownership

London E1 8NJ, London, E1 8NJ

For sale
Shared ownership
Photo of Goldpence Apartments - Seventh Floor - Tower Hamlets
Live from space album cover

from

£162,500

with min. deposit

£16,250

25% Share from
£162,500
Full market price
£650,000
Minimum deposit
£16,250
Monthly rent
£642
Monthly service charge
£198

2 bedroom flat

Once you have registered your interest, you will receive an email to book your viewing.

Goldpence Apartments is a two-bedroom property with ensuite and large private balcony, located on the seventh floor in a large modern residential development, built in 2012. The approximate size of the property is 58 sq. m. and the time remaining on the lease is 116 years.

Excellent transport links. Aldgate East 0.1 miles away, served by the District and Hammersmith & City lines. Metropolitan, Circle, DLR and East London lines a short walk away. Liverpool Street and Fenchurch Street station within 0.7 miles and Crossrail

14 different bus routes including …

Features

Bedrooms2
Bathrooms1
Reception rooms1
Furniture statusunfurnished
Floor area58
Number of floors1
Entrance floor7th floor
Tenureleasehold
Lease years116

from

£162,500

with min. deposit

£16,250

25% Share from
£162,500
Full market price
£650,000
Minimum deposit
£16,250
Monthly rent
£642
Monthly service charge
£198
Peabody

Peabody

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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