Ward Lane, London

***NO ONWARD CHAIN & PARKING***

This superb modern home is available to buy from as little as £242,500 with a 50% share!

Offered to the market with no onward chain, this well presented apartment is situated on the third floor of Aldermans House and benefits from an allocated parking space and private balcony. The accommodation comprises a welcoming entrance hallway, a spacious open plan kitchen/reception area and a fitted kitchen with a range of units and worktop space. There are two generously proportioned bedrooms, with one benefiting from built-in storage, together with a family bathroom fitted with a three piece suite. A private balcony, accessed from the reception room, provides a welcome outdoor space.

Aldermans House enjoys a convenient position in the vibrant Homerton area of Hackney, with a wide selection of local shops, supermarkets, cafés and restaurants within easy reach. The surrounding neighbourhood offers an appealing mix of independent businesses, leisure facilities and green open spaces, including nearby Victoria Park and the Queen Elizabeth Olympic Park. The popular areas of Hackney Wick and Hackney Central are also easily accessible, offering an excellent choice of restaurants, bars, markets and cultural attractions.

The property is particularly well positioned for transport connections, with Homerton Overground station just a short walk away, providing convenient services towards Stratford and across North and West London. Hackney Wick and Hackney Central stations offer further travel options, while numerous local bus routes provide connections throughout East London and beyond. Road users also benefit from access to the A12 and surrounding road network, making this an excellent location for commuters and those looking to enjoy everything the capital has to offer.

PRICING & AFFORDABILITY

Full Market Value: £485,000

50% Share Price: £242,500 (rent £499.45pcm)
Minimum 5% Mortgage Deposit (50% share): £12,250
Approximate Service Charges: £155.82pcm*
Shared Ownership Lease: 107 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.

PLEASE NOTE - . There is currently some remedial work being undertaken to the building. None of the remediation costs will be passed over to leaseholders.

** This home can also be purchased outright (100% of the value) which is £485,000 and a purchaser would not need to meet the eligibility criteria listed above.