Foundry Mews
£112,500 for a 25% share
Property description
Our Winter Offer: A £1,000 Ikea voucher on completion*. Long lease, close to Wood Street Station.
Property address
Forest Road, London, E17 4FT
2 
1 Shared Ownership
SHARED OWNERSHIP
Full Market Value - £450,000
You Pay (25%) - £112,500
Monthly Rent - £1021.04
Monthly Service Charge - £164.93
Annual Ground Rent - £350
125 year lease commenced in April 2016 - 116 years remaining
Council Tax Band: C
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*
L&Q welcomes you to view this two bedroom, second floor apartment.
Enter this bright and sunny apartment via semi-covered south facing private terrace. The hallway is lined with storage cupboards. There is a large dual aspect open-plan kitchen and living area, flooded with natural light from wide floor-length windows. The kitchen is fitted with dark grey wall and base units, and a white marble effect worktop. The kitchen also benefits from integrated appliances including an oven, hob, and extractor fan. Two double bedrooms, one with benefit of built in storage and a contemporary family bathroom completes the accommodation.
This apartment is not far from the vibrant Walthamstow village with peaceful greenery, historic architecture and award-winning bars and restaurants. Wood Street Station is on your doorstep where the overground trains will whisk you into Liverpool Street in under 20 minutes and is just one stop from Walthamstow Central station if you don't fancy the 20 minute walk through Walthamstow Village.
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 £65,291 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.
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 December 2024.
*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 | £450,000 |
|---|---|
| Minimum Share Percentage | 25% |
| Minimum Share Value | £112,500 |
| Monthly Service Charge | £164 |
| Minimum Deposit | £11,250 |
This apartment is not far from the vibrant Walthamstow village with peaceful greenery, historic architecture and award-winning bars and restaurants. Wood Street Station is on your doorstep where the overground trains will whisk you into Liverpool Street in under 20 minutes and is just one stop from Walthamstow Central station if you don't fancy the 20 minute walk through Walthamstow Village.
Others
- Central heating
- Double Glazing
- Pets allowed
Outside space
- Terrace