Umberston Street, London, E1

The Property
2 Bedroom Flat | 4th Floor | 70% Shared Ownership | Excellent City Location

A fantastic opportunity to purchase a 70% shared ownership in this well-presented two-bedroom 4th floor apartment, situated within a sought-after modern development in the heart of East London. Just a short walk from Aldgate East and Whitechapel stations, this stylish property offers contemporary living with excellent transport links into the City and Canary Wharf.

Accommodation:

Entrance Hall: Allowing access to all rooms and offering ample storage options.

Living/Kitchen/Dining Area: A bright and welcoming open-plan space with floor to ceiling windows and a door to a balcony, perfect for relaxing or entertaining. The kitchen area is fitted with a range of modern units and integrated cooking appliances.

Bedrooms: Two well-proportioned bedrooms, including a comfortable principal bedroom and a second bedroom suitable as a double, guest room, or home office.

Bathroom: A three-piece suite with bath and shower over, wash basin, and WC.

Outside & Communal Areas:

The property has access to a small private balcony.
The property benefits from a secure entry system, lift access to all floors, and well-maintained communal areas.

The cladding has been replaced on the building.


Shared Ownership
The property is being sold at 70% shared ownership with the possibility of 100% being available after a certain timeframe.

Prospective buyers may be subject to eligibility checks to be carried out by the housing association at a cost to the buyer.

To benefit from the Shared Ownership scheme the buyer/s must;

Not have a household income that exceeds £80,000 (outside of London) £90,000 (in London)

Not be a cash buyer

Not have pets

Be able to afford the purchase and to sustain housing costs

Primarily be first time buyers (although some applicants who own or have owned a home may be eligible including existing shared owners)

Not be able to purchase a property suitable to meet their needs on the open market


Location
Location:

Situated in the vibrant Whitechapel/Aldgate area, the flat is perfectly placed for access to the City of London, Shoreditch, Canary Wharf, and beyond. Local amenities include a wide selection of shops, cafes, bars, and restaurants, along with cultural hotspots such as Brick Lane and Spitalfields Market. Transport links are excellent, with Aldgate East Underground, Whitechapel (Elizabeth Line, Overground, Underground), and Shadwell DLR all within walking distance.

TO BOOK A VIEWING - You can use the brochure link in the full property description in the Rightmove advert 24/7 or call to speak to an expert - whatever you need, we're available. Reach us from 9am - 6pm between Monday and Friday, and from 9am - 5pm on a Saturday.

Property ownership information

Tenure: Shared ownership

Percentage share owned: 70%

Additional monthly rent: £442.70

Ground rent review period: No review period

Service charge review period: Every 1 year

Lease end date: 25/12/2130

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.