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The Brick Works - Shared Ownership

Shared ownership

Essex Close, Walthamstow, E17 6SJ

Sale under offernew home
Shared ownership
Photo of The Brick Works - Shared Ownership
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  • from

    £81,250

    1 bedroom

  • from

    £101,250

    2 bedroom

from

£81,250

with min. deposit

£4,063

Redloft

£81,250

1 bedroom flat

£101,250

2 bedroom flat

£105,000

2 bedroom flat

Availability

Sale under offer

Sale under offer

Sale under offer

Minimum share

25%

25%

25%

Full market price

£325,000

£405,000

£420,000

Deposit from

£4,063

£5,063

£5,250

Monthly rent

£558

£696

£721

Monthly service charge

£149

£205

£205

Reservation fee

£500

£500

£500

Bedrooms

1

2

2

Bathrooms

1

1

1

Reception rooms

1

1

1

Furniture status

unfurnished

unfurnished

unfurnished

Floor area

57

74

74

Number of floors

1

1

1

Entrance floor

Ground floor

2nd floor

3rd floor

Tenure

leasehold

leasehold

leasehold

Lease years

250

250

250

Property features

-
Balcony
Balcony

Overview

All Shared Ownership apartments now reserved. 

The Brick Works is located on Essex Close and is a collection of 20 homes offering 11 private sales and 3 Shared Ownership. These homes are due for completion in April 2022*, register your interest to be sent further information!

Key Features

  • Desirable Zone 3 location
  • Fully fitted kitchen with integrated appliances
  • Private outdoor space to all apartments
  • Blackhorse Road station a three-minute walk
  • NHBC warranty
  • Communal bicycle storage
  • Video door entry system

 

Set close to the open spaces of the Walthamstow Wetlands and Lea Valley Park, near the site of an old brick kiln, where bricks and tiles were …

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.

from

£81,250

with min. deposit

£4,063

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