Mercer Court

Shared Ownership

Full Market Value:  £400,000

Share Value (35%):  £140,000

Monthly Rent:         £582.15

Service Charge:      £205.41

Council Tax Band:    C

125 year lease commenced April 2007 - 107 years remaining

EWS1 -There is an EWS1 certification available for this property - B1 Rating.

L&Q welcomes you to view this two bedroom, second floor apartment.

This apartment consists of an open-plan kitchen and living area, with natural light from wide floor-length windows. The kitchen is fitted with beech wood effect wall and base units and a granite effect worktop. The kitchen also benefits from integrated appliances including an oven, hob, and extractor fan. Two bright and airy double bedrooms boasting lots of natural light. The bathroom comes complete with a white three-piece suite with a shower over bath and a stone tile surround. In the last three years, the flat has had a number of improvements including new fitted floors, a new dishwasher, new boiler and totally refurbished bathroom. Additional double storage cupboard in hallway. 

This property benefits from a sinking fund. A sinking fund is a long-term savings plan that leaseholders contribute to every month through service charges. This is used to pay for major works that are required, such as replacing a roof.

This property is ideally located for those looking to live in a vibrant and well-connected part of East London. It also benefits from good transport links, with Stepney Green Underground Station nearby (serving the District and Hammersmith & City lines) and Whitechapel Station just a short distance away, offering access to the District, Hammersmith & City, and Overground lines, as well as the DLR to the South at Limehouse Station.  The area offers a wide range of local amenities, including convenience stores, restaurants, cafes, and pubs, providing easy access to everyday needs, as well as being a 30 seconds walk from the scenic Regents Canal, which offers walking routes through Victoria Park to the North, and connects to the Thames River and Limehouse Marina to the South, great for walking and cycling. The nearby Whitechapel High Street offers a mix of shops, markets, and eateries. Spitalfields Market is also just a short distance away, offering a variety of independent boutiques, food stalls, and restaurants. Bethnal Green and Shoreditch are also nearby, providing access to vibrant cultural scenes, including galleries, nightlife, and a thriving arts community.

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 £56,079. If you are offered the home, 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 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.

This property is ideally located for those looking to live in a vibrant and well-connected part of East London. It also benefits from good transport links, with Stepney Green Underground Station nearby (serving the District and Hammersmith & City lines) and Whitechapel Station just a short distance away, offering access to the District, Hammersmith & City, and Overground lines, as well as the DLR to the South at Limehouse Station.  The area offers a wide range of local amenities, including convenience stores, restaurants, cafes, and pubs, providing easy access to everyday needs, as well as being a 30 seconds walk from the scenic Regents Canal, which offers walking routes through Victoria Park to the North, and connects to the Thames River and Limehouse Marina to the South, great for walking and cycling. The nearby Whitechapel High Street offers a mix of shops, markets, and eateries. Spitalfields Market is also just a short distance away, offering a variety of independent boutiques, food stalls, and restaurants. Bethnal Green and Shoreditch are also nearby, providing access to vibrant cultural scenes, including galleries, nightlife, and a thriving arts community.

Others

• Central heating
• Double Glazing
• Pets allowed

Outside space

• Communal Garden

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