Bermuda Way
£165,000 for a 30% share
Property description
Our Winter Offer: A £1,000 Ikea voucher on completion*. Excellent transport links, private patio, energy efficient.
Property address
Bermuda Way, London, E1 4GB
3 
1 Shared Ownership
SHARED OWNERSHIP
Full Market Value - £550,000
You Pay (30%) - £165,000
Monthly Rent - £1,017.20
Service Charge - £283.43
Annual Ground Rent - N/A
LEASEHOLD : 99 year lease commenced January 2013 - 86 years remaining
COUNCIL TAX BAND : F
NO PARKING
New guidance, from the Royal Institute of Chartered Surveyors (RICS), means that lenders should no longer require an EWS1 form for this property. However, we cannot guarantee that all Mortgage lenders, brokers and valuers are utilising the same criteria.
For a limited time, enjoy a £1,000 IKEA voucher to help with your move on this apartment*
Ideally located between three stations; Stepney Green (District and Hammersmith and City), Mile End Station (District, Hammersmith, and City and Central) and Limehouse (DLR) you have fantastic links into Canary Wharf, Central London and beyond. Also located in short proximity to Whitechapel Crossrail services - serving Bond Street in 10 minutes and Heathrow in 35 minutes.
The apartment is moments from Mile End Park which flows into Victoria Park, which hosts exciting festivals, events, entertainment, and leisurely strolls on the River Thames Path.
The buyer will require a deposit to obtain a mortgage for this property.
To meet the requirements for this property we require as a guideline, a minimum household income of £80,000. If you are offered the property, your ability to afford this property will be assessed at your financial interview. Please note that applicants should purchase the maximum share that they can afford and sustain.
Only applicants who are registered with London and Quadrant will be eligible to be offered a property in one of our schemes. If you are not registered please visit our website www.lqhomes.com and register to obtain your unique reference number.
Your home is at risk if you fail to keep up repayments on a mortgage, rent or other loan secured on it. Please make sure you can afford the repayments before you take out a mortgage.
These particulars are of opinion only, are intended to give a fair description and do not form the basis of a contract. The descriptions and all other information are believed to be correct as of January 2025.
*The £1,000 Ikea voucher incentive is available for a limited time on all 2, 3 and 4 bedroom resales properties and is redeemable for any shared ownership purchase that completes on the sale within 6 months of receipt of the £500 reservation fee, and where the buyer is purchasing a higher share than is being sold. The vouchers (2 x £500) will be supplied within 75 days of completion of the purchase and will be E-Vouchers, issued by email to the sole or primary purchaser. Further terms and conditions may be in place from the voucher provider, and it is the purchaser's responsibility to satisfy themselves of any terms applicable. The voucher cannot be offset against any fees or monies due from the purchase. L&Q will not be responsible for direct payments to any lenders, or third parties. Should the seller find a buyer through an Estate Agent or L&Q for the full market value of the property, this offer will no longer apply. L&Q reserve the right to remove an incentive at any time. This incentive is for this property only and cannot be transferred to any other resales shared ownership property.
This is an indication of how much these apartments might cost.
For more detailed information please register your interest in this property.
| Minimum Full Market Value | £550,000 |
|---|---|
| Minimum Share Percentage | 30% |
| Minimum Share Value | £165,000 |
| Monthly Service Charge | £283 |
| Minimum Deposit | £16,500 |
Ideally located between three stations; Stepney Green (District and Hammersmith and City), Mile End Station (District, Hammersmith, and City and Central) and Limehouse (DLR) you have fantastic links into Canary Wharf, Central London and beyond. Also located in short proximity to Whitechapel Crossrail services - serving Bond Street in 10 minutes and Heathrow in 35 minutes.
The apartment is moments from Mile End Park which flows into Victoria Park which hosts exciting festivals, events and entertainment and leisurely strolls can be enjoyed on the River Thames Path.
Others
- Double Glazing
- Wheelchair accessible
Outside space
- Patio
- Private Garden