Shared Ownership
This superb modern home is available to buy from as little as £80,000 with a 25% share!
This modern 5th floor apartment has accommodation that includes an open plan lounge/kitchen/diner, a spacious double bedroom and a modern shower room.
Situated within the increasingly popular Lea Bridge area of Leyton, Salix House enjoys a fantastic position close to a wide range of local amenities, independent cafés, restaurants and everyday conveniences. Residents are perfectly placed to enjoy the green open spaces of the nearby Lee Valley Park, Hackney Marshes and Coronation Gardens, offering a welcome balance between city living and outdoor leisure. The wider neighbourhood continues to benefit from significant regeneration, creating a vibrant and well connected East London community.
The development is exceptionally well placed for commuters, with Leyton Station within easy reach, providing swift connections into Stratford, Tottenham Hale and London Liverpool Street. From Stratford, residents can access the Central Line, Elizabeth Line, DLR and National Rail services, making travel across London simple and convenient. A variety of bus routes also serve the surrounding area, while nearby road links offer easy access to the A12, A406 and wider London transport network.
PRICING & AFFORDABILITY
Full Market Value: £320,000
25% Share Price: £80,000 (rent £589.16pcm)
Minimum 5% Mortgage Deposit (25% share): £4,000
Approximate Service Charges: £197 pcm*
Lease: 996 years remaining
ELIGIBILITY
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.
To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• You have a deposit of at least 5% of the share value
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year.
** This home can also be purchased outright (100% of the value) which is £320,000 and a purchaser would not need to meet the eligibility criteria listed above.
