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SHARED OWNERSHIP

Friesian House

Friesian House, 160 Buckhurst Street, London, Tower Hamlets, E2 6FU
Resale Shared Ownership
(Share Price (45%) - £180,000
Full Value Price £400,000
1 Bedrooms
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SHARED OWNERSHIP

Friesian House

Friesian House, 160 Buckhurst Street, London, Tower Hamlets, E2 6FU
Resale Shared Ownership
(Share Price (45%) - £180,000
Full Value Price £400,000
1 Bedrooms
Register interest
Overview Floorplan Financials Location
Register interest
Property reference number: 1405
 
The 1-bedroom home is located on the fifth floor of a seven-floor building with a private balcony, ample storage, communal gardens and access to a lift. The time remaining on the lease is 119 years.
 
The property is within close proximity to local amenities – Tesco, Sainsbury’s and Asda are all in walking distance from the apartment as are V&A Museum of Childhood, York Hall, Weavers Fields, Colombia Road, Brick Lane and Victoria Park - and transport links offering easy access into the City, Canary Wharf, Stratford, and the West End.
  • Nearest Station: Bethnal Green, Bethnal Green Rail Station (Zone 2), Whitechapel
  • Bus routes nearby: 106, 253 & N253 from Three Colts Lane stop.
The property located on the fifth floor comprises:
  • Entrance: Hallway with three large cupboards and entry phone system.
  • Living Room: Spacious lounge with lots of natural light. Door to private balcony. Wooden flooring.
  • Kitchen: White high gloss cabinets with led over and under cabinets, stone worktop and upstand and stainless steel splashback behind hob. Including an integrated Bosch appliances in very good condition.
  • Wooden flooring.
  • Bedroom One: Double bedroom with built-in wardrobe. Medium pile carpeted flooring.
  • Bathroom: White suite, comprising a bath, WC and basin with mirror over. Tiled flooring.
  • Outside: Private balcony, secure cycle storage, lift access and communal garden.
 
What happens after I register my interest?
 
You will receive an email confirmation that will confirm next steps including how to book a viewing, completing a financial assessment with a mortgage advisor and completing a Shared Ownership Application Form.
 
If you don’t receive this email within an hour of your registration, please check your spam or junk folders and set your spam filter to allow incoming emails from Peabody.
 
If you still haven’t received the email after checking here, please contact enquiries@peabodynewhomes.co.uk and our team will be able to help you.
 
What is Shared Ownership?
 
Through Shared Ownership you can buy up to 75% of the property, paying a low-cost rent on the remaining unpurchased 'share' of the home. What's more, your mortgage deposit is based on the value of the share you buy, not the full market value, making these homes even more affordable than buying through private sale. With resale properties, you must purchase your first share at the percentage the existing leaseholder owns or more.
 
Financial information
  • Tenure: Leasehold
  • Remaining Lease Term: 119 Years
  • Annual ground rent amount: N/A
  • Ground rent review period: N/A
  • Annual service charge amount: £1.856,16
  • Service charge review period: 1st April annually
  • Council tax band: Band C
*Financial information is correct as of 11.10.23

Floorplan

floorplan

Financials*

Full Value

£400,000

Share Price

£180,000

Share Value

45%

Monthly Cost

£1,952

Monthly Mortgage

£1,095

Monthly Rent

£692

Monthly Service Charge

£165

Minimum Household Income

£70,000

Maximum Household Income

£90,000

Deposit Required

£20,250

*The monthly mortgage, monthly rent, minimum household income and deposit required are all guide figures and will vary depending on your personal circumstances and the mortgage you are able to secure. Please note that applicants will be expected to purchase the maximum share that is sustainable for them. Applicants will be required to attend a financial interview with a Mortgage Advisor appointed by Peabody to assess affordability in line with Affordable Homes guidelines set by the HCA/GLA. Speak to a member of the Peabody New Homes team for more details.

Location

Friesian House, 160 Buckhurst Street, London, Tower Hamlets, E2 6FU Open in Google Maps

map

Transport

Education

Food and Drink

Leisure

Retail

Worship

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Next steps

To book a property viewing, please register your interest and we will email you details on how to book online. Alternatively you can get in touch directly with our Resident Sales Team using the link below.

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